2018-6-30 10:04 |
Hundreds of other virtual coins have all but gone to zero — following the same path as Pets.com and other red-hot initial public offerings that flamed out in the early 2000s.
Bitcoin declined as much as 4.2 percent to $5,791 on Friday, the lowest level since November, according to Bloomberg composite prices.
Other coins including Ether and Litecoin slumped more, while the combined value of tokens tracked by CoinMarketCap.com declined to $236 billion.
Dead Coins lists around 800 that are effectively worth nothing, while Coinopsy puts the tally at more than 1,000.
For more on bitcoin, check out the Decrypted podcast:
— With assistance by Olga Kharif
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