Market Extra: Bitcoin rival, ethereum, has lost $17.5 billion in market value in 4 weeks

Ether, the world’s second-most valuable cryptocurrency, has been tanking since hitting a peak in mid June, highlighting an extended selloff in buzzy, digital currencies that had been on a tear only a few short weeks ago.

Check out:How cryptocurrency ethereum looks set to overtake bitcoin—in one chart

A single ether token on Tuesday briefly slipped to a six-week low, dropping under $200 and marking a 48% decline, giving up about $17.5 billion since reaching its best-ever market capitalization of $36.7 billion on June 14, according to data from Coinmarketcap.com. Most recently, one ether was trading at 202.37, down 4.3% on Tuesday, according to data from popular digital-currency data-provider Coindesk.

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