Two years after calling Bitcoin a fraud, JPMorgan announced they're creating their own cryptocurrency. Called JPM Coin, its purpose will be to settle transactions between large companies and will be redeemable 1:1 for US dollars.
Taking an 8.2% hit, Bitcoin is below $3,400 for the first time since September 2017. The largest digital currency has fallen a total of 80% of its all-time high. Ether, XRP, and Litecoin felt the blow even more.