It was about a year ago that bitcoin, the largest crypto currency by market value, flirted with $20,000, but on Friday plummeted 10.31% to $3,280 as of 12:30 pm Eastern – bitcoin’s new 2018 low.
According to coinmarketcap.com data pictured below, Ripple was trading more than 10% down at 29 cents and Ethereum at $83.60.
Until the cryptocurrency that was once the toast of the town can resuscitate itself and get out of its latest correction, it calls to mind market bubbles of the past that elevated investors into a state of euphoria before unceremoniously popping and crashing down to earth.