Crypto market sheds more than $1tn in six weeks amid fears of tech bubble

Crypto market sheds more than $1tn in six weeks amid fears of tech bubble

Bitcoin price at lowest level since April while FTSE 100 falls as Google boss warns there is ‘irrationality’ in AI boom

More than $1tn (£760bn) has been wiped off the value of the cryptocurrency market in the past six weeks amid fears of a tech bubble and fading expectations for a US rate cut next month.

Tracking more than 18,500 coins, the value of the crypto market has fallen by a quarter since a high in early October, according to the data company CoinGecko.

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