Nearly $100 billion has been erased from the cryptocurrency market, with bitcoin dropping to its lowest level in four weeks.
The top cryptocurrency lost more than 6% on Tuesday, trading around $29,700, with rivals ethereum and XRP losing 9% and 11% respectively, CoinDesk data shows. The drop in crypto prices followed a major sell-off on global stock markets, with the Dow Jones Industrial Average having its worst performance since October 2020.
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