Article 71J0H Crypto market sheds more than $1tn in six weeks amid fears of tech bubble

Crypto market sheds more than $1tn in six weeks amid fears of tech bubble

by
Lauren Almeida
from Technology | The Guardian on (#71J0H)

Bitcoin price at lowest level since April while FTSE 100 falls as Google boss warns there is irrationality' in AI boom

More than $1tn (760bn) has been wiped off the value of the cryptocurrency market in the past six weeks amid fears of a tech bubble and fading expectations for a US rate cut next month.

Tracking more than 18,500 coins, the value of the crypto market has fallen by a quarter since a high in early October, according to the data company CoinGecko.

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