The crash in cryptocurrency prices, which accelerated Friday into a rout, has wiped out more than $1 trillion in market value since early November. More than $200 billion was lost in just the last 24 hours, according to CoinMarketCap.
The total market value of all cryptocurrencies has slipped to around $1.7 trillion, down from nearly $3 trillion in early November. Bitcoin prices plunged from around $41,000 Thursday afternoon Pacific time to below $36,000 by Friday, shedding nearly half its value since early November when it topped more than $67,000.
Shares of companies with heavy exposure to crypto also tanked on Friday. Coinbase fell about 13% in regular trading, and continued to drop after-hours. Robinhood sank more than 5%.