Bitcoin (BTC) and other cryptocurrency prices plunge after oil drop

Bitcoin


Over $26 billion wiped off cryptocurrency market in 24 hours after massive oil price plunge

This Post was originally published on www.cnbc.com

Cryptocurrency markets plunged following a plummet in oil prices and further sell-off in stocks.

I understood the importance in principle of public key cryptography but it’s all moved much faster than I expected. I did not expect it to be a mainstay of advanced communications technology.

– Whitfield Diffie

The market capitalization or entire value of cryptocurrencies was down $26.43 billion from a day earlier at around 1:17 p.m. Singapore time, according to data from Coinmarketcap.com. The sell-off worsened as the day went on.

Bitcoin (BTC) and other cryptocurrency prices plunge after oil drop

Bitcoin, the biggest cryptocurrency by value, fell over 10% in 24 hours at around the same time.

Bitcoin Price Index Live

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