Cryptocurrencies have now lost $700 billion since January record
The market value of all cryptocurrencies has plunged $700 billion from about $835 billion at the market peak in January, according to CoinMarketCap.com. The Bloomberg Galaxy Crypto Index, which tracks major coins, has plunged 24% this week, the worst weekly decline since January. The world's largest cryptocurrency Bitcoin fell to a near 14-month low of around $4,200 on Friday.