Crypto selloff wipes out $270 billion in value as bitcoin, ether plunge

The cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets.

Led by a drop of 11% in bitcoin in the past 24 hours and a 21% plunge in ether, the overall value of cryptocurrencies sank by about $270 billion, according to

The selloff in the crypto market coincided with a broader slide in equities in Asia-Pacific markets. Japan’s Nikkei 225 dropped as…