Friday saw a sharp decline in cryptocurrency prices as investors’ attention was drawn to the approximately $9 billion that was paid out to subscribers of the defunct bitcoin exchange Mt. Gox.
The price of bitcoin fell more than 6% in a day as of 9:20 a.m. London time, to reach $54,237.18, its lowest level since late February.
Ether, a rival cryptocurrency, dropped by about 10% to $2,869.36.
The total market capitalization of all cryptocurrencies has decreased by more than $170 billion in the past day.
Source (CNBC)
