Almost $ 13 billion wiped out by the cryptocurrency market


"The continued rapid growth of cryptographic resources could create new vulnerabilities in the international financial system," said the International Monetary Fund in a recent report.

Many enthusiasts of cryptocurrency were hoping that 2018 would be a year in which legislators would warm up to the idea of ​​professionalizing the trade in digital goods through new financial products such as exchange-traded funds. But the US Securities and Exchange Commission rejected several ETFs, including a highly anticipated one designed by the Winklevoss twins. Other countries, including China, have fallen heavily on cryptocurrencies.

At the same time, the year was marked by high-profile hacks on cryptocurrency exchanges, as well as by a series of frauds related to people who executed the so-called initial coin offers.

All these factors have meant that bitcoin, XRP and ethereum have not recovered at the historical highs seen towards the end of 2017 and the beginning of this year. On Thursday, the bitcoin surpassed its record $ 68,783.21 by 68%, which hit December 17 last year.

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