Losses for bitcoin and other cryptocurrencies near $700 billion in worst week since bubble burst

The great cryptocurrency crash of 2018 is heading for its worst week yet.

Bitcoin sank toward $4,000 and most of its peers tumbled on Friday, extending the Bloomberg Galaxy Crypto Index’s decline since Nov. 16 to 23 percent. That’s the worst weekly slump since crypto-mania peaked in early January.

Eric Lam

https://www.chicagotribune.com/business/ct-biz-bitcoin-cryptocurrency-losses-20181123-story.html