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China Crypto Ban Triggers Crash, Wiping Out Almost $1 Trillion In Cryptocurrency Market Cap

Ian Haworth
China Crypto Ban Triggers Crash, Wiping Out Almost $1 Trillion In Cryptocurrency Market Cap
Btgbtg via Getty Images

The cryptocurrency market crashed Wednesday, with the market cap losing nearly $1 trillion.

Popular cryptocurrencies Bitcoin and Ethereum “posted their largest one-day drop since March last year,” according to Reuters, “with losses in the market capitalization for the entire cryptocurrency sector approaching $1 trillion.”

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