The great cryptocurrency crash of 2018 may not be over

  • Cryptocurrencies have become mired in a nearly $700 billion rout that shows few signs of abating

A man walks past the Bitcoin ATMs in Hong Kong, Thursday, Dec. 21, 2017. Bitcoin is the world's most popular virtual currency. Such currencies are not tied to a bank or government and allow users to spend money anonymously. They are basically lines of computer code that are digitally signed each time they are traded. (AP Photo/Kin Cheung)

The great cryptocurrency crash of 2018 is heading for its worst week yet.

Bitcoin slipped closer to $4,000 and most of its peers tumbled on Friday, extending the Bloomberg Galaxy Crypto Index’s decline since Nov. 16 to 24 percent. That’s the worst weekly slump since crypto-mania peaked in early January.

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