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Over a trillion dollars wiped out of cryptocurrency market

Sky, 14 May 2022
More than a trillion dollars has been wiped out after investors started selling shares in the top cryptocurrencies, with Bitcoin plunging to its 2020 low.

The crash has seen investors losing between tens and hundreds of thousands of dollars, with the shock being felt harder by those investing in 'stablecoins,' currencies pegged to the US Dollar.

According to CoinMarketCap, cryptocurrencies are down by almost two-thirds on the market's record capitalisation.

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