Analysts are predicting how deep the bitcoin price correction could go and if it will escalate into a full blown market

That's a recent tally of market value across the cryptocurrency world from CoinMarketCap—down from a peak of $3.72 trillion on Dec. 17. The pullback shows how some of the euphoria stoked by the prospe

Cryptocurrency-linked stocks are paring some of their losses but still broadly declining in Friday intraday trade, with bitcoin trading around $81,000—more than a quarter off its January peak.

Bitcoin's drop is part of a wider rout in which over $800 billion of nominal value "has been wiped off global cryptocurrency markets in recent weeks, as the enthusiasm that swept the crypto industry after Donald Trump's election victory last year ebbs away," the Financial Times wrote today.