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Crypto crash erases more than $1trn in market value

Vildana Hajric

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For bitcoin, there has only been one constant recently: decline after decline after decline. And the superlatives have piled up quickly.

With the US Federal Reserve intending to withdraw stimulus from the market, riskier assets the world over have suffered. Bitcoin, the largest digital asset, lost as much as 9 per cent on Friday (Saturday AEDT) and dropped below $US38,000 to its lowest level in six months.

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    Original URL: https://www.afr.com/link/follow-20180101-p59qch