Bitcoin slump triggers $500B crypto market wipeout
Nearly half a trillion dollars has been erased from the cryptocurrency market in less than a week as a selloff led by Bitcoin accelerated sharply.
Total crypto market capitalization has fallen by about $467.6 billion since Jan. 29, according to data from CoinGecko, News.Az reports, citing Bloomberg.
Bitcoin on Tuesday slid to its lowest level since US President Donald Trump won re-election in early November 2024, an event that had initially raised expectations of a more crypto-friendly policy environment.
The world’s largest cryptocurrency dropped to a 15-month low of $72,877 in the United States before recovering some losses on Wednesday. It was trading around $76,600 at 6:50…
