Bitcoin lost nearly a third of its value on Wednesday, dropping to its lowest level this year, as news of further restrictions on digital currency transactions in China sparked a major selloff in the cryptocurrency market. Peter Brandt, who is known for predicting Bitcoinâs largest market crash in terms of US dollar value back in January of 2018, is sharing his thoughts on the current BTC correction. Why cryptocurrency miners go to small towns 03:45. Cryptocurrency exchanges including Coinbase went down on Wednesday in amid a crash among digital currencies, which saw prices plummet by as much as 20 to 50 percent. Indeed, the price of bitcoin was just over $37,000 back in early February when Musk disclosed his company's bitcoin investment. The cryptocurrency has tumbled 40 percent from a record high of $64,895 (£45,806) hit on April 14. The latest crash in Bitcoin has accelerated liquidation across the cryptocurrency market. Cryptocurrency News offers something for everyone. Worldâs largest cryptocurrency Bitcoinâs prices came crashing down by over 17 per cent on Wednesday after this tweet by Tesla Chief Executive Officer (CEO) and Founder Elon Musk. Cryptocurrency News (CCN) offers breaking news, analysis, price charts & more on the most popular cryptocurrencies such as Bitcoin, Litecoin, Ethereum & Ripple & emerging cryptocurrencies such as Monero, Stellar, Dash & EOS. The unexpected news comes after Mr Musk has been a prominent advocate for the cryptocurrency throughout the year. Bitcoin plunged 30% to near $30,000 at one point on Wednesday, continuing a major sell-off in the It is also heading for its first monthly decline since November 2018. A crypto crash is underway with several of the most popular cryptocurrencies taking a beating. After a year of gains and record highs, cryptocurrency markets are down today (19 May). Cryptocurrency market crash and Bitcoin, Ethereum and Dogecoin price drop explained admin May 19, 2021 After a year of gains and record highs, cryptocurrency markets are down today (19 May). To start off with, letâs take a look at some of the cryptos being affected by todayâs crash. The prices came down from USD 54,819 to USD 45,700 - its lowest since 1 March 2021, in just under two hours following Musk`s tweet on Wednesday, a Reuters report said Get more World News and Business News ⦠As of writing, BTC is trading near $44,000 with a market cap of approximately $800 billion. Get the latest CCN ⦠The total market cap of Bitcoin dropped below $800 billion on Monday for the first time since February 2021.
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