ARTICLE · 31 JANUARY 2018

Crypto Update: January Crash, Securitized Tokens And Threats To Traditional VC

Norton Rose Fulbright Canada LLP

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For the past three years in January, Bitcoin experienced significant price corrections.

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Bloodbath in the CyrptoMarket

For the past three years in January, Bitcoin experienced significant price corrections. This year is no different – except for its magnitude. Likely exacerbated by an influx of new investors and a spike in actively traded altcoins, Bitcoin depreciated by almost 50% from its all-time high in mid-December.

According to CoinMarketCap, the total market value of cryptocurrencies nosedived from USD $832 billion on January 7, 2018 to USD $450 billion on January 17, 2018, erasing USD $360 billion in value.

The price of the two other largest cryptocurrencies, namely, Ethereum and Ripple, dipped as much as 38% and 65% respectively from their January highs.

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