Cryptocurrencies
Crypto’s 80% Plunge Is Now Worse Than the Dot-Com Crash
- Selloff is now deeper than the early 2000s rout in tech stocks
- Ether leads losses on Wednesday, extending a brutal September
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The Great Crypto Crash of 2018 looks more and more like one for the record books.
As virtual currencies plumbed new depths on Wednesday, the MVIS CryptoCompare Digital Assets 10 Index extended its collapse from a January high to 80 percent. The tumble has now surpassed the Nasdaq Composite Index’s 78 percent peak-to-trough decline after the dot-com bubble burst in 2000.