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Bitcoin’s Biggest Plunge Since March Shakes Faith in Crypto Boom

  • Largest cryptocurrency fluctuates wildly after 26% plunge
  • Renewed price volatility evokes memories of 2017 bubble
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Warnings Abound Over Market Mania
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A steep selloff in Bitcoin is fueling concern that the cryptocurrency bubble may be about to burst.

Bitcoin slid as much as 26% over Sunday and Monday in the biggest two-day slide since March. After dropping as much as 20% during New York trading hours on Monday, the price continued to fluctuate wildly. Bitcoin has wiped out about $185 billion in value since Friday, more than the market capitalization of 90% of individual companies in the S&P 500.