Wipeout: Bitcoin and Other Digital Currencies in Price Collapse
Last week I pointed to a decline of 23% in the market cap of major digital currencies in July, asking if this was the bottom. Now we have an answer: Not by a long shot. This past weekend brought brutal declines for the two biggest digital currencies. Bitcoin fell to around $1,863 (38% off its all-time high) while ethereum hit a low of around $133 (67% off its high).