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Cryptocurrencies have shed almost $700 billion since January peak

Ryan Browne

The total market capitalization of all cryptocurrencies fell to around $138.6 billion, down more than 80 percent since its January peak. Bitcoin was seen trading at a price of $4,300, down over 4 percent on the day, and well below its all-time high of nearly $20,000 last year. Investors are rattled by news of a schism in bitcoin's most notable spin-off, bitcoin cash, as well as regulatory worries.