Bitcoin price crash: Crypto plunges by 9% as billions wiped off market

The cryptocurrency market has seen a dramatic crash, wiping 9 per cent off the market.

Bitcoin was down by 8.8 per cent over the last 24 hours. Many other coins suffered even more, with ethereum falling 11.1 per cent.

That came amid drastically increased trading volumes, presumably as people rushed to get rid of their rapidly depreciating cryptocurrencies. Market volume was up 113 per cent, according to tracking website CoinMarketCap.


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