Skip to content
Subscriber Only

Bitcoin's Big Wipeout Erased $46 Billion of Value Last Month

  • Digital currency lost 30% in January on series of setbacks
  • Monthly dollar loss the biggest in history for a digital asset
Bloomberg business news

Bitcoin: What’s Coming in the Year Ahead

Updated on
From

Bitcoin is proving that cryptocurrencies can erase wealth as fast as they create it.

Its January slide knocked $46.1 billion off the $200 billion in market value generated in all of last year, according to historical pricing data from Coinmarketcap.com. The drop is the biggest one-month loss in dollar terms in the short history of digital assets.