The third wave of selling that started yesterday has continued unabated this weekend. Total market capitalization has been smashed below $120 billion as a further $23 billion has been dumped from digital currencies over the past 24 hours.
Bitcoin is plummeting towards its predicted bottom of around $3,000, losing over 15% on the day as it dumped to $3,700 at the time of writing. BTC is now back at August 2017 prices but heading in the wrong direction so further losses are expected. Since the beginning of November Bitcoin has lost a whopping 43% in the year’s biggest selloff.