Bitcoin plunges below $4,000 as cryptocurrencies swoon

clock • 1 min read

Bitcoin's prolonged decline in 2018 continued apace over the weekend with the pioneering digital currency losing nearly a third of its value in the past seven days. The troubled cryptocurrency fell below $4,000 over the weekend, rounding off one of its worst weeks on record. Bitcoin has seen almost 80% wiped off its value since its peak at almost $20,000 in mid-December. Bitcoin is not alone in its troubles. Fellow cryptocurrencies Ripple and Ethereum have also fallen sharply, especially in the past month. According to research by CoinMarketCaphe, market value of all registered crypto...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.