The mania that drove crypto assets to records as Coinbase Global Inc. went public last week turned on itself on the weekend, sending Bitcoin tumbling the most since February.
The world’s biggest cryptocurrency plunged as much as 15% on Sunday, just days after reaching a record of $64,869. It subsequently pared some of the losses and was trading at about $56,440 at around 8:25 a.m. in Tokyo Monday.
Ether, the second-biggest token, dropped as much as 18% to below $2,000 before also paring losses. The volatility buffeted Binance Coin, XRP and Cardano too. Dogecoin the token started as a joke bucked the trend and is up 7% over 24 hours, according to CoinGecko.
The mania that drove crypto assets to records as Coinbase Global went public last week turned on itself on the weekend, sending bitcoin tumbling the most since February.
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The mania that drove crypto assets to records as Coinbase Global went public last went turned on itself on the weekend, sending Bitcoin tumbling by the most since February.
The world’s biggest cryptocurrency plunged as much as 15 per cent just days after reaching a record. It was lower by 9 per cent at $55,323 at 10.18am in New York (6.18pm UAE time). Ether, the second biggest, dropped as much as 18 per cent to below $2,000 before paring losses. Binance Coin, XRP and Cardano each lost more than 12 per cent. Dogecoin, the token that started as a joke, was the only gainer among the 10 largest coins.