The Bitcoin price has collapsed more than 8% over the past 24 hours.
Tech stocks have erased hundreds of billions of dollars, with the Nasdaq Composite index heading for its worst day since June 2020 after plunging 5%.
It peaked at nearly 104 early today, growing 9.65% since the start of the year.
Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.