Cryptocurrencies
Bitcoin's Big Wipeout Erased $46 Billion of Value Last Month
- Digital currency lost 30% in January on series of setbacks
- Monthly dollar loss the biggest in history for a digital asset
Bitcoin: What’s Coming in the Year Ahead
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Bitcoin is proving that cryptocurrencies can erase wealth as fast as they create it.
Its January slide knocked $46.1 billion off the $200 billion in market value generated in all of last year, according to historical pricing data from Coinmarketcap.com. The drop is the biggest one-month loss in dollar terms in the short history of digital assets.