Bitcoin and other cryptocurrencies are plunging again

Bitcoin and other cryptocurrencies are plunging again

Cryptocurrencies haven’t been spared from the selloff in global markets this week. And today in Asian trade, another crypto bloodbath is taking place as regional stock markets steady the ship. A short time ago, Bitcoin had slumped below $US3,400 on Binance — one of the world’s three largest exchanges by volume: Bitcoin weekly chart Markets…

Cryptocurrencies are getting slammed after a raid at South Korea’s largest exchange

Cryptocurrencies are getting slammed after a raid at South Korea’s largest exchange

LONDON — Cryptocurrencies are getting slammed Friday after investors were spooked by news that South Korea’s largest crypto exchange has been raided by prosecutors. Here’s the scoreboard as of 1:35 p.m. BST (8:35 a.m. ET): Bitcoin -4.8% Ethereum -6% XRP’s Ripple -11.2% Bitcoin Cash -10.3% Litecoin -6.5% The slump comes amid negative headlines in the…

Cryptocurrencies are getting smoked as investors move to ‚risk off’

Cryptocurrencies are getting smoked as investors move to ‚risk off’

A screenshot from CoinMarketCap.com showing the 24 price movement of the entire cryptocurrency market.CoinMarketCap.com/Screenshot Cryptocurrency markets lose $7 billion in around half an hour. Litecoin, one of the worst hit, is down 9% at the time of writing. Slump appears to be linked to fears about a trade war between the US and China. LONDON…