Cryptocurrencies crash in brutal sell-off, with bitcoin down nearly 10 percent

Bitcoin, the most popular and valuable token, fell by more than 20 percent in early morning trading before recovering some of its losses. It sank below price levels not seen since January. Many other top tokens followed suit. Dogecoin investors, who had enjoyed astronomical growth this year, seeing their holdings skyrocket by roughly 10,000 percent, were hit especially hard. The meme-inspired cryptocurrency tumbled by more than 30 percent.