Two-day bitcoin sell-off wipes out $100 billion from the entire crypto market

Bitcoin slumped for a second day Thursday, taking the digital currency's losses to more than 10% over 48 hours and wiping off billions of dollars from the crypto market.The price of bitcoin slipped over 6% on Thursday to as low as $32,527, falling below the $33,000 level for the first time since Jan. 13, according to data from industry website CoinDesk.The world's most valuable digital coin has had a wild few weeks, briefly hitting $41,940 earlier this month before sinking sharply the subsequent week.Ether, the second-biggest crypto token by market value, was also down nearly 10%from where it was two days ago. The coin hit an all-time high of $1,439 on Tuesday, according to Coin Metrics data.The total market value of all cryptocurrencies shed more than $100 billion in the last 48 hours, falling from about $1.06 trillion to nearly $949 billion as of 9:20 a.m. London time (4:20 a.m.…

Read the original article here