On the morning of Friday, September 4, the cryptocurrency market suffered a sudden and violent correction that erased $70 billion from the total market capitalization of digital assets within less than 30 minutes.

The subsequent recovery proved to be only slight by press time on the same day, and the combined valuation remains at $2.66 trillion – roughly $50 billion below the $2.71 trillion held just an hour earlier.

Bitcoin (BTC), the world’s premier cryptocurrency, also experienced the plunge and fell from $81,252 to $79,341 at press time. The shockwave was also seen in the price of Gold, though the planet’s biggest commodity saw a larger recovery and is changing hands at…