$500B plunge: Largest 3-day wipeout for crypto in a year
The crypto market has just witnessed its largest three-day sell-off in 12 months amid weak jobs data and revived fears of a recession.
Update (1:55 am, Aug. 5): This article has been updated to include updated price figures for Bitcoin and Ether.
The crypto market has just clocked its largest three-day sell-off in almost a year, briefly shedding as much as $510 billion since Aug. 2.
The sharp crypto sell-off arrived amid faltering performance from equities with the S&P 500 falling as much as 4.4% in the same time frame.
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Author: Tom Mitchelhill
