Week in Review: Carnage Engulfs Cryptocurrencies and Stocks; Bitcoin Mining Difficulty Plunges 24%

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Cryptocurrency prices sold off anew this week, as bitcoin and the altcoin universe crashed to lows not seen since September 2017. The hash war over bitcoin cash continued despite an early lopsided victory for the ABC chain, which retained the BCH ticker symbol on major exchanges. Calvin Ayre, one of the biggest proponents of the competing bitcoin cash SV chain, acknowledged that the opposing side cheated its way to victory and proposed a mechanism by which the war can be resolved peacefully.

Volatility in traditional markets intensified this week, as U.S. stocks turned negative for the year and oil prices crashed to new yearly lows.

Cryptocurrencies Continue to Bleed

The combined value of all cryptocurrencies in circulation bottomed near $136

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