Bitcoin price CRASH: Over $100 BILLION wiped off cryptocurrency market in just 24 HOURS

BITCOIN and the global cryptocurrency market has had over $100 billion disappear in 24 hours on Friday as the crypto crash continues.
Bitcoin and the cryptocurrency craze had a rocky month, and the crypto rollercoaster is not over yet with over $100 billion was wiped off the global cryptocurrency market in 24 hours on Friday.
The total market capitalization or value of all cryptocurrencies stood at $392,102,167,718 at 9:54am in London, according to Coinmarketcap.com. This was a fall of $123 billion of value from a day before.
The plummet comes amid concerns over regulation in the cryptocurrency space. Investors have long speculated that bitcoin is a bubble and was heading for a crash.
Bitcoin plummeted to a two month low of $8,186.22 earlier on Friday, according to CoinDesk.com. The cryptocurrency fell 8.73 percent to $8,261.90 at 10:09am in London.

Bitcoin and cryptocurrencies have had over $100 billion wiped off in 24 hours
Cryptocurrencies have suffered a series of setbacks recently with regulation.
India's Finance Minister Arun Jaitley said on Thursday the country wants to "eliminate" the use of digital currencies in criminal activities, signaling tighter regulation in the country.
South Korean revealed plans to ban anonymous bank accounts in cryptocurrency trading from January 30.
Following the announcement, a South Korean government official said: “The government is still discussing whether an outright ban is needed or not, internally.”
However, on Wednesday Seoul’s finance minister Kim Dong-yeon said: “There is no intention to ban or suppress cryptocurrency.”
It comes after bitcoin wallet and exchange service reported a cryptocurrency robbery of nearly £380 million in Bitcoin rival NEM prompting Japan’s financial watchdog to launch an investigation on all exchanges to better prevent future thefts.
Institutional investors have been sceptical of the cryptocurrency craze, investing legend Warren Buffett told CNBC that the mania "will come to a bad ending.”
But others have more hope for digital currencies, ONchain Capital founder, Ran Neu Ner told CNBC: “Bitcoin goes up, bitcoin goes down, bitcoin goes up and down very quickly.
It’s quite a resilient currency, commodity asset that just keeps going up afterwards
Ran Neu Ner
“If you recall a few months ago we were sitting right here and bitcoin was under $8,000.
“It shot up to $20,000 in less than two weeks so this is nothing new.
“We’ve seen bitcoin go up and we’ve seen bitcoin go down, we’ve seen it go down 50 percent at a time.
“But it’s quite a resilient currency, commodity asset that just keeps going up afterwards.”