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Financial Times

Rout wipes $800bn from crypto market as bitcoin slump deepens

The price of bitcoin dropped as much as 3.6 pct. on Wednesday, taking its losses over the past month to 15 pct.
The price of bitcoin dropped as much as 3.6 pct. on Wednesday, taking its losses over the past month to 15 pct. Photo: Benoit Tessier/Reuters/Ritzau Scanpix
Financial Times

Crypto fervour that greeted Trump’s election has faded amid series of scandals

More than $800bn has been wiped off global cryptocurrency markets in recent weeks, as the enthusiasm that swept the crypto industry after Donald Trump’s election victory last year ebbs away.

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