Cryptocurrency market value slumps under $1 trillion

Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic

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LONDON, June 13 (Reuters) – The value of the cryptocurrency market on Monday fell below $1 trillion for the first time since January 2021, according to data site CoinMarketCap, reaching as low as $926 billion.

The largest cryptocurrency, bitcoin, was down more than 9% on the day, falling to an 18-month low of $23,950.

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Reporting by Elizabeth Howcroft; editing by Tom Wilson

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