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$260 billion wiped off crytpocurrency market in 24 hours - superadmin - 04-23-2021 $260 billion wiped off crytpocurrency market in 24 hours as bitcoin plunges below $50,000 Bitcoin and other digital coins plunged on Friday wiping over $260 billion of the value of the cryptocurrency market. “The market has run up quite a bit overall, and it’s probably cooling off before the next leg up,” Vijay Ayyar, head of business development at cryptocurrency exchange Luno, said. Cryptocurrencies are known for their wild price swings. GUANGZHOU, China — Bitcoin and other digital coins plunged on Friday wiping over $260 billion off the value of the cryptocurrency market. At around 14:06 p.m. Beijing time, bitcoin was down nearly 10% in the last 24 hours at $49,281.40, according to CoinDesk data. Ethereum fell to $2,202.05, down more than 11%. XRP, the fifth-biggest cryptocurrency plunged over 22%, according to price tracking site CoinMarketCap. This wiped out around $260 billion of value from the entire cryptocurrency market. - More -