Bitcoin was $4,600 at pixel, according to Coinbase, which is not the lowest price it sold for on Tuesday ($4,200), but is 8 per cent less than the original crypto-coin would have got you 24 hours ago. Just a 30 per cent drop in the last week.
Ethereum, the thinking persons crypto, took a similar clattering Tuesday. At $137, it can now be had for a tenth of January's $1,339 price.
Litecoin, at $34.93, was off only 7 per cent in the last 24 hours, but has lost a third of its value in the last week.
These are all bearer instruments, by the way, which means we may be at what technical analysis types call a “grappling at the watch strap” moment for the market.
I hope that's not a hostage
Source: The Financial Times
By: Dan McCrum