What next after cryptocurrency bubble bursts?
The cryptocurrency bubble has burst.
In January, the total market capitalisation of cryptocurrencies had climbed beyond $800bn, up from just $18bn a year earlier according to data provider CoinMarketCap. Now the market has lost three-quarters of its value to stand at $200bn.
The shrinking market value of the novel digital assets comes alongside rising volatility in mainstream financial markets such as equities, offering traders other opportunities to profit on fluctuating asset prices.