{"id":101437,"date":"2018-11-23T11:41:22","date_gmt":"2018-11-23T11:41:22","guid":{"rendered":"https:\/\/www.bnreport.com\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/"},"modified":"2018-11-23T11:41:22","modified_gmt":"2018-11-23T11:41:22","slug":"crypto-losses-near-700-billion-in-worst-week-since-bubble-burst","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/","title":{"rendered":"Crypto losses near $700 billion in worst week since bubble burst"},"content":{"rendered":"

By Eric Lam<\/strong>
The great cryptocurrency<\/a> crash of 2018 is heading for its worst week yet. <\/p>\n

Bitcoin<\/a> sank toward $4,000 and most of its peers tumbled on Friday, extending the Bloomberg Galaxy Crypto Indexs weekly decline to 25 per cent. Thats the worst five-day stretch since crypto-mania peaked in early January. <\/p>\n

After an epic rally last year that exceeded many of historys most notorious bubbles, cryptocurrencies have become mired in a nearly $700 billion rout that shows few signs of abating. Many of the concerns that sparked the 2018 slump \u2014 including increased regulatory scrutiny, community infighting and exchange snafus \u2014 have only intensified this week. <\/p>\n

Even after losses exceeding 70 per cent for most virtual currencies, Oanda Corp.s Stephen Innes has yet to see strong evidence of a capitulation that might signal a market bottom. <\/p>\n

\u201cTheres still a lot of people in this game,\u201d Innes, head of trading for Asia Pacific at Oanda, said by phone from Singapore. If Bitcoin \u201ccollapses, if we start to see a run down toward $3,000, this thing is going to be a monster. People will be running for the exits.\u201d <\/p>\n

Innes said his base case forecast is for Bitcoin to trade between $3,500 and $6,500 in the short term, with the potential to fall to $2,500 by January. <\/p>\n

The largest cryptocurrency retreated 4.4 per cent to $4,237 at 11:31 am in Hong Kong, according to Bloomberg composite pricing. <\/p>\n

Rivals Ether<\/a>, Ripple<\/a> and Litecoin<\/a> all declined at least 4.8 per cent. The market value of all cryptocurrencies tracked by CoinMarketCap.com sank to $138 billion, down from about $835 billion at the market peak in January. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

[contf]
\n[contfnew]
\n <\/p>\n

ET Markets<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

By Eric Lam
\nThe great cryptocurrency crash of 2018 is headin..<\/p>\n","protected":false},"author":1,"featured_media":101438,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-101437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nCrypto losses near $700 billion in worst week since bubble burst - Business News Report<\/title>\n<meta name=\"description\" content=\"By Eric Lam The great cryptocurrency crash of 2018 is headin..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto losses near $700 billion in worst week since bubble burst - Business News Report\" \/>\n<meta property=\"og:description\" content=\"By Eric Lam The great cryptocurrency crash of 2018 is headin..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-23T11:41:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/Master-3-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"798\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"Crypto losses near $700 billion in worst week since bubble burst\",\"datePublished\":\"2018-11-23T11:41:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\\\/\"},\"wordCount\":273,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/Master-3-4.jpg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\\\/\",\"name\":\"Crypto losses near $700 billion in worst week since bubble burst - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/Master-3-4.jpg\",\"datePublished\":\"2018-11-23T11:41:22+00:00\",\"description\":\"By Eric Lam The great cryptocurrency crash of 2018 is headin..\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/Master-3-4.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/11\\\/Master-3-4.jpg\",\"width\":1200,\"height\":798},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto losses near $700 billion in worst week since bubble burst\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics & Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\",\"name\":\"infopal11\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/infopal11\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Crypto losses near $700 billion in worst week since bubble burst - Business News Report","description":"By Eric Lam The great cryptocurrency crash of 2018 is headin..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/","og_locale":"en_US","og_type":"article","og_title":"Crypto losses near $700 billion in worst week since bubble burst - Business News Report","og_description":"By Eric Lam The great cryptocurrency crash of 2018 is headin..","og_url":"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2018-11-23T11:41:22+00:00","og_image":[{"width":1200,"height":798,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/Master-3-4.jpg","type":"image\/jpeg"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"Crypto losses near $700 billion in worst week since bubble burst","datePublished":"2018-11-23T11:41:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/"},"wordCount":273,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/Master-3-4.jpg","articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/","url":"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/","name":"Crypto losses near $700 billion in worst week since bubble burst - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/Master-3-4.jpg","datePublished":"2018-11-23T11:41:22+00:00","description":"By Eric Lam The great cryptocurrency crash of 2018 is headin..","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/Master-3-4.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/11\/Master-3-4.jpg","width":1200,"height":798},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/crypto-losses-near-700-billion-in-worst-week-since-bubble-burst\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Crypto losses near $700 billion in worst week since bubble burst"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics & Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f","name":"infopal11","url":"https:\/\/www.bnreport.com\/en\/author\/infopal11\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/101437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=101437"}],"version-history":[{"count":0,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/101437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/101438"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=101437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=101437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=101437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}