Bitcoin has driven the cryptocurrency market lower over the past 24 hours. Photo: STRF / Star Max / IPx / AP
A massive and widespread sell-off has hit the cryptocurrency market, marking a recent uptrend fueled by interest from businesses and retailers.
The global cryptocurrency market has fallen 14% in the past 24 hours, according to CoinMarketCap.com. The crisis was led by bitcoin, which accounts for 60% of the cryptocurrency market in value. Bitcoin (BTC-USD) was down 12.5% to $ 48,876.16 as of 8:15 am Tuesday in London.
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