Cryptocurrencies and Bitcoin Financial Bloodbath – Bloomberg

With the blink of an eye, more than a trillion dollars in crypto-market value has evaporated.

The jarring downturn that’s been a hallmark of digital assets in recent weeks continued to play out this week and into Saturday, with Bitcoin at one point losing more than 15% during that stretch. The coin, which is the largest digital token, has dropped more than 50% from a recent peak, and many other cryptocurrencies have lost just as much, if not more. 

Cryptocurrencies and Bitcoin: Latest News and Analysis – Bloomberg