30% Decline: Charting the Ongoing Crypto Price Correction

30% Decline: Charting the Ongoing Crypto Price Correction

In what is likely to be one of the biggest corrections ever seen in the burgeoning cryptocurrency market, the total value of the nascent asset class, created with the advent of bitcoin in 2009, shed billions on Friday. At press time, the total value of all cryptocurrencies, including bitcoin and the 1,300 others trading, is down more than 30 percent from its all-time high of $650 billion reached earlier this week. But while the markets hit a low of $418 billion today, year-over-year the markets are still up 4,000 percent, from just under $10 billion on Jan. 1, 2017. […]