Bitcoin, the largest digital asset, extended its decline on Saturday, losing more than 50 percent from its high in November, adding more impetus to the cryptocurrency’s collapse.
It fell to $34,042.78 on Saturday, down 7.2 percent, before paring most of those losses.
On Friday, Bitcoin fell 6 percent to $38,250, continuing its decline to 7.2 percent.
Bitcoin’s drop since its November high has wiped out more than $600 billion from its market capitalization, and lost more than $1 trillion from the overall crypto market.
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