Authorization

Bitcoin and ether stumble again following a wild week for global cryptocurrencies

Bitcoin and ether stumble again following a wild week for global cryptocurrencies

Bitcoin vs. Ethereum
Alain Pitton/NurPhoto via Getty Images and Dado Ruvic/Reuters




Cryptocurrencies were off to a rocky start to the week on Sunday.




Bitcoin was down as much as 13% on Sunday, while ether was down about 15%.




A crypto sell-off last week wiped more than $400 billion from the nascent market in a single day.




See more stories on Insider's business page.


Global cryptocurrencies stumbled on Sunday following a roller coaster week in which the two main digital currencies, bitcoin and ether, plunged by more than 30% before recovering slightly.Bitcoin was down as much as 13% on Sunday. It was trading at about $33,751 at 11:25 AM ET on Sunday, down from its April record high of nearly $65,000. On Saturday the cryptocurrency was up as much as 8% following a tweet from Tesla CEO Elon Musk that he supports crypto over fiat currency. Ether, the coin linked to the Ethereum blockchain network, was down as much as 15% while litecoin fell about 18% on Sunday.The latest bout of volatility comes after a wild week for cryptocurrencies and a multi-day selloff that sent the price of ether and bitcoin plummeting. A sudden and sharp crypto sell-off on Wednesday erased more than $400 billion from the nascent market in a matter of just 24 hours, according to data from CoinMarketCap. Altcoins such as Dogecoin got caught in a similar whipsaw as prices swung 10% every few hours.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Август 2022    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728
293031