Bitcoin Crash Intensifies as Global Cryptocurrency Market Loses $400 Billion

February 2, 2018

London (Feb 2)  Bitcoin prices continued their sharp decline Friday, taking the value of the world's best-known cryptocurrency to the lowest levels since November amid a global digital coin selloff that has loped more than $400 billion from its market value.

Bitcoins were marked at $7,770.00 each on the bitstamp exchange in Luxembourg, which feeds prices into the CME Group futures contract, down 13.6% from Thursday's close and more than 59% from its all-time peak of $19,187 on Dec. 16. The corresponding declines in other digital coins, including ripple and ethereum, have taken the global cryptocurrency "market cap" to $400 billion - around half of the value it commanded at its mid-December peak.


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