Crypto plunge wipes out US$260 billion off the value of marketBusiness | 23 Apr 2021 2:27 pm
Bitcoin and other digital coins plunged on Friday wiping over US$260 billion off the value of the cryptocurrency market, CNBC reports.
At around 14:06 p.m. Beijing time, bitcoin was down by nearly 10 percent in the last 24 hours at US$49,281.40, according to CoinDesk data.
Ethereum fell to US$2,202.05, down more than 11 percet.
XRP, the fifth-biggest cryptocurrency plunged over 22%, according to price tracking site CoinMarketCap.
This wiped out around US$260 billion of value from the entire cryptocurrency market.
It was unclear what triggered the sell-off though cryptocurrencies are known for their wild price swings.