Scary title, but the article is pretty neutral and says this drop is not specific to Bitcoin and it's just a result of the broader economy that hit the traditional assets as well.
Bitcoin price dramatically crashes amid market worrieshttps://www.independent.co.uk/tech/bitcoin-rush-price-cryptocurrency-crash-b2395945.htmlBitcoin’s price has crashed dramatically, amid what seems to be a broader worry in the financial markets.
The world’s biggest cryptocurrency has fallen more than 7 per cent over the last 24 hours, and almost 12 per cent in the last week.
Other large digital currencies saw similar falls, though not as stark. Ethereum, the second biggest cryptocurrency by market cap, has lost around 10 per cent of its value in the last week.
The troubles mean that the crypto market as a whole is down 5.7 per cent over the last 24 hours, according to tracking website Coinmarketcap. Trading volumes increased sharply, too, and were up almost 80 per cent over the last 24 hours.
Thursday’s drop in the price of the cryptocurrency was the biggest one day fall since November 2022. That happened when large exchange FTX collapsed, sending shockwaves through the crypto markets and leading to widespread fears.
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