The cryptocurrency’s 2018 crash may help cement its place in the bubble record books.
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 $5,791.19 on Friday, the lowest level since November, according to Bloomberg composite prices.
Other coins including Ether and Litecoin also slumped, 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.
The Financial Industry Regulatory Authority has issued a notice encouraging every firm that sells securities to the public in the U. S. to disclose any activities “related to digital assets, such as cryptocurrencies and other virtual coins and tokens.
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.