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Bitcoin is a disease in Barclays model that says its prices peaked

Barclays based its findings on a model that compared crypto-hysteria to "the spread of an infectious disease" through a population of investors

Reuters  |  London 

The investment mania for cryptocurrencies is like an infectious disease whose transmission rate may be declining, Barclays said on Tuesday, concluding their combined market capitalisation has probably already peaked. Cryptocurrencies hit a collective value of close to $800 billion in December and January, when prices jumped. Since then a sharp selloff has left them with a capitalisation of around $260 billion, according to Coinmarketcap.com, $115 billion of that being in the biggest and best-known cryptocurrency, bitcoin. The combined figure was unlikely to climb back beyond ...

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First Published: Tue, April 10 2018. 21:21 IST
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