Brutal day for cryptocurrencies as market sheds $25 billion


Digital currencies plunged Thursday in a market selloff that showed little sign of abating.

The No. 1 digital currency, bitcoin BTCUSD, -4.26% fell below $7,500 and is trading on its intrasession low, down 9.3% at $7,200.46.

Other digital currencies didn’t fear much better, with many losing more than 10%.

Ether dipped below $400 and was last traded at $398.47, down 11.2%, Bitcoin cash fell 14.7% to $732.94, Litecoin lost 11.2% to $116.97 and Ripple was down 7.6% to 53 cents.

The total value of all cryptocurrencies fell below $300 billion overnight to a 4-month low of $273 billion, according to CoinMarketCap.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s