Bitcoin slide sees $44b of market value erased in January

Bitcoin slide sees $44b of market value erased in January

Advanced Micro Device Inc. Radeon RX 570 graphic processing units (GPU), left, an an Intel Corp. heat sink and fan (HSF) for a central processing unit (CPU), right, are seen inside a cryptocurrency 'mining rig', right, sitting on a desk in the office of Open Computing Pte Director Wilson Josup in Singapore, on Tuesday, Jan. 23, 2018. Photographer: We Leng Tay/Bloomberg

Bitcoin is proving that cryptocurrencies can erase wealth as fast as they create it.

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