Crypto market hit by extreme panic mode
Bitcoin, ethereum and other major cryptocurrencies have plummeted in price, with analysts warning that the market has hit "panic mode".
Ethereum experienced the biggest drop in value of all the major digital currencies, falling by nearly 20 per cent over the last 24 hours to hit its lowest price in almost a year.
Massive trading volumes suggest a mass sell-off, with ethereum trading at $262 at the time of writing. The price of bitcoin has fallen to $6,043, down 7 per cent since this time yesterday.
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