(Photo: 123RF) Bitcoin has lost more than 20% of its value in a week, causing some investors to wonder if the fever of cryptocurrency purchases for more than six months is starting to subside.
At around $ 45,000 on Tuesday, bitcoin has erased more than $ 12,000 since the start of the previous week, and has plunged more than 30% from its all-time high of $ 64,870 on April 14.
In the wake of bitcoin, other cryptocurrencies have suffered: ethereum, the second largest cryptocurrency, dropped 14% in a week and now costs just under $ 3,400. Dogecoin, a cryptocurrency that has captured the attention of the general public in recent weeks, is also moving away from its all-time highs.
In all, the recent drop in prices wiped out...