Over half a trillion dollars of value has been wiped off the entire cryptocurrency market in just under a month, as the prices of popular digital coins plunge.
On January 7, the market capitalization or value of the entire cryptocurrency market hit an all-time high of $835.69 billion, according to Coinmarketcap.com, a website that takes into account the prices of over 1,000 digital coins across different exchanges. In early trade on Tuesday, the value of the cryptocurrency market had plunged to $278.53 billion, marking a more than $557.1 billion drop since the record high.
Over $550 billion of value wiped off cryptocurrencies since their record high just under a month ago
On January 7, the market capitalization or value of the entire cryptocurrency market hit an all-time high of $835.69 billion, according to Coinmarketcap.com, a website that takes into account the prices of over 1,000 digital coins across different exchanges. In early trade on Tuesday, the value of the cryptocurrency market had plunged to $278.53 billion, marking a more than $557.1 billion drop since the record high.
Over $550 billion of value wiped off cryptocurrencies since their record high just under a month ago
