2018-6-29 16:15 |
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.
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