Bitcoin Rout Marks Third-Biggest Selloff in Crypto History
- Reversal is worst since fallout from Mt. Gox 2014 bankruptcy
- Losses snowballed after coin plunged through $6,000 support
This article is for subscribers only.
Bitcoin’s woes continued with its selloff now the third-biggest it has ever faced.
The oldest cryptocurrency plunged as much as 78 percent from its intraday high of $19,666 in December, according to data from exchange Bitstamp. That makes it the biggest retracement since the fallout from the Mt. Gox bankruptcy in 2014 and a dip in 2011 when it was trading below $50.