The Business Times
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Bitcoin's big wipeout erases US$44b of value in January

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Published Thu, Feb 1, 2018 · 09:50 PM

Hong Kong

BITCOIN is proving that cryptocurrencies can erase wealth as fast as they create it.

Its January slide knocked US$44.2 billion off the US$200 billion in market value generated in all of last year, the biggest one-month loss in dollar terms in the short history of digital assets.

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