- Bitcoin prices down as much as 13% due to gut-wrenching week.
- The selloff happened after Chinese authorities announced restrictions on crypto.
- A broad crypto crash wiped out about $1 trillion in the market value.
Bitcoin prices fell as much as 13%, extending losses from a gut-wrenching week for cryptocurrencies. However, Bitcoin is very popular for more than 45% of the global crypto market. Yesterday, it was trading around $37,000 per coin — far off its all-time high above $66,000 just over a month ago.
At the time of writing, Bitcoin has dropped again. It was trading at above $32,000, according to Coinmarketcap. Other cryptocurrencies also fell over the weekend. Ethereum was down 20%, trading around $2,400. Dogecoin fell 16%, and Binance coin was down 26%.
Moreover, the selloff ...
This article was first published on coinquora.com