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Cryptocurrency market losses hit RM619b amid contagion fears
EVEN havens are infected by the Covid-19 pandemic, which has pushed cryptocurrency market to lose 54.7% or US$144.6 billion (RM618.89 billion) in market value last week. Total market capitalisation of the digital asset stood at week high of US$264.6 billion on March 8, before plummeting to US$119.6 billion on March 13, data collected by Coinmarketcap.com showed. The last time the market fell to such low was on Jan 24, 2019, with the market value stood at US$119.3 billion. Bitcoin prices were slashed by almost half from a high of US$9,131 to a low of US$4,773, followed by Ethereum — the second-largest digital coin, ... (full story)
