Cryptocurrencies
Cryptocurrencies Tumble Most in Two Months as Dollar Jumps
- Bloomberg Galaxy gauge falls as much as 6.5% on Wednesday
- Bitcoin leads index lower as Ether, Litecoin also slump
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Cryptocurrencies sold off on Wednesday, with the Bloomberg Galaxy Crypto Index dropping the most in more than two months.
The gauge, which tracks some of the largest cryptocurrencies including Bitcoin, Ether, XRP and Bitcoin Cash, fell as much as 6.5%, the biggest drop since June 11. Bitcoin and Ether together make up more than half of the index, while XRP constitutes about 20%.