This year has been worse for cryptocurrency than 2000 was for the dot-com bubble

Bitcoin sign.
(Image credit: iStock/thamerpic)

Cryptocurrencies have quickly gone from buzz to bust.

"The Great Crypto Crash of 2018" is now even more drastic than when the dot-com bubble burst in 2000, Bloomberg reported Wednesday. Virtual currencies have plummeted 80 percent since January, and selloffs are only poised to worsen this month.

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Summer Meza, The Week US

Summer Meza has worked at The Week since 2018, serving as a staff writer, a news writer and currently the deputy editor. As a proud news generalist, she edits everything from political punditry and science news to personal finance advice and film reviews. Summer has previously written for Newsweek and the Seattle Post-Intelligencer, covering national politics, transportation and the cannabis industry.