Cryptocurrencies lose almost $200 BILLION in 24 hours as bitcoin plummets

Bitcoin and

Bitcoin and other digital coins tumbled on Monday, wiping some $190 billion from the entire cryptocurrency market. The sell-off could signal some profit-taking by investors, experts say.

The value of the cryptocurrency market was $932.20 billion as of 8:10 GMT, down from $1.1 trillion a day earlier, according to Coinmarketcap. The world’s largest cryptocurrency, bitcoin, collapsed by over 16 percent from a day earlier to $33,400.

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