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Bitcoin, Ether, Dogecoin prices all nosedive

The crypto bubble that inflated Bitcoin's value past $1 trillion and added billions to nonsense...

👤 H K Badal19 May 2021 5:58 PM GMT
Bitcoin, Ether, Dogecoin prices all nosedive
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The crypto bubble that inflated Bitcoin's value past $1 trillion and added billions to nonsense digital tokens overnight is bursting.

Bitcoin plunged almost 22% to $35,000, wiping out more than $500 billion in value from the coin's peak market value.

It has erased all the gains it clocked up following Tesla Inc.'s Feb. 8 announcement that it would use corporate cash to buy the asset and accept it as a form of payment for its vehicles.

Ethereum, the second-biggest coin, sank more than 40%, while joke token Dogecoin lost 45%.