A frenzied few weeks of rapid Bitcoin speculation, which saw the price rocket to $US3000 a coin, looks to be easing.
The entire cryptocurrency market was rallying up until last week, when it was worth around $US106 billion. But a dramatic sell-off on Friday saw the cryptocurrency market shed around $US6 billion in the space of a few hours.
The sell-off came as Bitcoin investors look to hedge against the "irrational exuberance" that has gripped the market, prompted in part by a flood of new, speculative capital from optimistic newcomers.
But the top 10 cryptocurrencies appear to have stabilised over the weekend.