How much money has been wiped off the cryptocurrency market?

REUTERS/Dado Ruvic/Illustration About $40 billion has been wiped off the cryptocurrency market in the past 24 hours as bitcoin slumped below $30,000 per coin again, pressuring the price of other cryptos as well. Bitcoin fell more than 3 percent Tuesday and was last seen trading at about $29,700 per coin, according to data from Coinbase.

What happened to bitcoin on Monday?

Bitcoin and other digital coins tanked on Monday, wiping off some $150 billion from the entire cryptocurrency market. Bitcoin, the largest cryptocurrency, fell over 10% from a day earlier to $34,200, according to Coin Metrics data.

Is the sell-off in cryptocurrencies a sign of profit-taking?

The sell-off in cryptocurrencies comes after a huge rally and perhaps signals some profit-taking from investors. GUANGZHOU, China — Bitcoin and other digital coins tanked on Monday, wiping some $150 billion off the cryptocurrency market.

How much did Elon Musk’s cryptocurrency crash wipe off?

As much as $365.85 billion was wiped off the entire cryptocurrency market though it did pare some losses. Bitcoin, ether and XRP were all sharply lower. Musk said Tesla will not be selling any bitcoin and intends to use it for transactions “as soon as mining transitions to more sustainable energy.”