Cryptocurrencies – have they bottomed out?

This week, the currencies continued their plunge, and bitcoin, the pioneer of the 700-odd cryptocurrencies, is down US$700 to US$2,300 from its all-time high of US$3,000.

THE cryptocurrency rally seems to have come to a screeching halt since it hit an all-time high on June 11.

This week, the currencies continued their plunge, and bitcoin, the pioneer of the 700-odd cryptocurrencies, is down US$700 to US$2,300 from its all-time high of US$3,000.