Cryptos: Bitcoin breaks below $4,000 as selloff deepens

The crypto rout continues. On Saturday, bitcoin, the world’s largest digital currency, crashed through the $4,000 mark, falling as much as 15% and hitting a fresh 14-month low below $3,500.

Saturday’s decline marked the 12th losing session in the past 14 and has bitcoin BTCUSD, +0.14% on track for its third consecutive weekly loss. In Sunday afternoon trading, a single bitcoin was fetching $3,957.63, according to CoinDesk prices.

It’s been a torrid year for investors in the nascent digital technology. Since Jan. 7, more than $700 billion has been wiped off the total value of all cryptocurrencies, which now stands at $122 billion, according to data from CoinMarketCap.

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