Topline

Though they’re soaring Wednesday, the world’s largest cryptocurrencies are still far from their peaks earlier this year as a result of heightened regulatory scrutiny in China and bearish comments from Tesla chief Elon Musk—here’s when every top 10 cryptocurrency (save for Tether and USD Coin, whose values are meant to float near $1) peaked this year. 

Key Facts

Anticipation over crypto-brokerage Coinbase’s public-market debut helped lift bitcoin to new highs in April, but after the occasion—hailed as a watershed moment for institutional adoption—failed to meet high expectations, the world’s largest cryptocurrency struggled to hold on to its meteoric gains.

Amid crypto-mining bans in China and criticism over the coin’s massive carbon footprint, bitcoin prices have plummeted nearly 47% from their all-time high on April 14, the day Coinbase debuted on the Nasdaq exchange.

Though Ripple’s XRP hasn’t surpassed its high from the crypto-trading frenzy four years ago, the volatile token’s peak this year also occured on
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