10 biggest crypto-currencies lose over $100 billion in 24 hours [MSN Money]
Berkshire Hathaway Inc. New (BRK.B)
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Source: MSN Money
Bitcoin and other digital currencies have always been volatile, so a big daily drop is not unusual. That said, Tuesday was a particularly ugly day for crypto investors as every major currency fell by anywhere from 15% to 28%. Popular Searches AdChoices A back-of-the-envelope calculation by Fortune shows that the top 10 currencies had collectively lost $108 billon in 24 hours as of 3 pm ET on Tuesday. To put this in perspective, that figure is roughly equivalent to a quarter of the value of Amazon or Berkshire Hathaway , or about the total value of McDonalds or Boeing , according to data from PWC. The screen shot below, courtesy CoinmarketCap , shows how the pain was spread around. Bitcoin lost the most in terms of absolute value (about $39.2 billion) but only 16.7% of its overall market cap, while once high-flying Ripple dropped 27.4% (a loss of $19.1 billion): © Provided by TIME Inc. These 10 currencies
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BRK.B
Earnings
- 2/26/24 - Beat
BRK.B
Sec Filings
- 4/18/24 - Form FWP
- 4/10/24 - Form PX14A6G
- 4/9/24 - Form 424B5
- BRK.B's page on the SEC website