Crypto market is crashing hard: over $230bln wiped off

The cryptocurrency market has been on a tear this year, shattering record after record. Fueled by majors like Bitcoin, Ethereum, Ripple and Bitcoin Cash, it reached an incredible valuation on December 21: $654 billion. However, after the peak comes the fall, and here the crashes tend to be swift and massive. Case in point: the cryptocurrency market is now down by more than $230 billion from yesterday's high. And, yes, you are reading that right. Its capitalization is currently hovering around the $422 billion mark. All the majors (top 10) are down by double digits in the past 24 hours,… [Continue Reading]