Bitcoin price suddenly crashes below $30k



    The price of bitcoin has crashed below $30,000, taking its total losses to more than 50 per cent since it hit an all-time high in April.

    The cryptocurrency has suffered several price falls in recent days, having traded above $40,000 just one week ago.

    >> Follow all the latest updates with The Independent’s live coverage of the crypto market

    Several other leading cryptocurrencies have mirrored bitcoin’s latest crash, including Ethereum (ether), Cardano (ada) and dogecoin.

    The market-wide crash took the overall market cap of all cryptocurrencies combined below $1.2 trillion for the first time since February.

    More to follow.



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