Digital Currencies

Crypto Market Plummets Following Week of Coinbase-fuelled Hype

Crypto Market Plummets Following Week of Coinbase-fuelled Hype

After cryptocurrency prices soared this week amid hype leading up to Coinbase’s direct listing, the market took a nosedive over the weekend. Bitcoin prices tanked by roughly 14% in 24 hours, from $US61,530 ($79,558) to $US52,829 ($68,308), the token’s biggest one-day drop since February, before rebounding slightly, according to the…