A NUMBER of leading cryptocurrencies have suffered a huge slump in their value in just 24 hours.
Bitcoin has lost more than 17 percent of its value from early Friday morning after its price plummeted from about $57,000 to $47,000.
The price of Ether also dived to a low near $3,500 Saturday although has since regained some ground.
Shiba Inu has also been losing ground, down 14.3 percent in the last 24 hours although it too has been regaining ground on Saturday.
Earlier this week the US Securities and Exchange Commission (SEC) rejected WisdomTree’s application for a spot bitcoin exchange-traded fund (ETF), according to CoinDesk.
The rejection comes after the financial institution WisdomTree launched four cryptocurrency indices in the US and Europe.
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Source: The Sun
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