BBG: Crypto crash accelerates, sending bitcoin to another 2018 low

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Bloomberg reports: “Cryptocurrencies continued their epic slide with a fresh bout of losses Friday after the SEC dashed hopes that a Bitcoin exchange-traded fund would appear before the end of this year. Bitcoin, the largest digital token, slumped as much as 10 percent, taking it down past $3,250 to the lowest level since September 2017, according to consolidated pricing compiled by Bloomberg. Smaller rivals including Ether, Litecoin and XRP were hit even harder. The Bloomberg Galaxy Crypto Index sank as much as 12 percent.”