Bitcoin has crashed under the psychological $50,000 per bitcoin level for the first time since early March, losing 10% over the last 24 hours and taking its weekly losses to around 20%.
Some reports said the bitcoin sell-off, which also tanked major cryptocurrencies ethereum, Ripple’s XRP and cardano wiping $200 billion from the combined near-$2 trillion cryptocurrency market capitalization, was sparked by speculation that U.S.
The bitcoin price has dropped sharply this week, losing around 20% of its value and falling under …
Following bitcoin’s massive 2017 rally, the bitcoin price dropped sharply through 2018, losing almost 90% of its value before rebounding in 2020.
Bitcoin is now down around 20% from its highs of almost $65,000 per bitcoin, dragging the wider …
Cardano, an ethereum rival that’s seen the price of its ADA token soar in recent months, is off by 12% over the last 24 hours and down just over 25% from its highs.
I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself.