8 Reasons Bitcoin Has Lost $175 Billion In Market Cap in Less Than 2 Months
February 5, 2018
This article originally appeared in the Motley Fool.
Last year, the cryptocurrency market was practically unstoppable. At the beginning of 2017, the combined value of all digital currencies was just $17.7 billion. But by year’s end, the more than 1,400 investable cryptocurrencies had an aggregate market cap of $613 billion, representing an increase in value of more than 3,300%. By comparison, the stock market has historically gained 7% a year, inclusive of dividend reinvestment and adjusted for inflation, meaning virtual currencies ran circles around traditional equities.