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Posted on September 6, 2018 by staff

Bitcoin and world’s top cryptocurrencies in dramatic drop

The value of the world’s top 20 cryptocurrencies has dropped dramatically in the last 24 hours.

There were double-digit falls in all 20 tokens, with Bitcoin – the world’s most valuable cryptocurrency – falling as low as $6,253 on Thursday morning.

Bitcoin is trading at $6,398 at the time of writing, compared with around $7,400 just 24 hours previously – a 13.5 per cent drop.

Ethereum, the second-largest digital currency by market capitalisation, fell a huge 21.6 per cent in 14 hours.

A report on Wednesday that global investment bank Goldman Sachs was putting its plans for a cryptocurrency trading desk on hold was blamed for the drops.