What's happened to bitcoin's price?

Bitcoin's price has fallen around 16% in the last 24 hours and 25% over the last seven days, according to data from CoinMarketCap. It's not alone: Ether, the second largest cryptocurrency after bitcoin by market value, is down 18% over the last 24 hours, and cryptos like Cardano, Solana and Dogecoin have plummeted as well.

Why did Bitcoin crash to its lowest level since December?

Please update your browser or turn off ad blocker to continue to watch. Bitcoin slumped to the lowest level since its December flash crash as growing expectations of rising borrowing rates weighs on some of the best performing assets over the past few years. The largest cryptocurrency by market value dropped as much as 6% to $43,451.

What happened to bitcoin during the downturn?

Broadly, the downturns on Monday resulted in around $200 billion being wiped from the total cryptocurrency market, CNBC reported. Regardless, Bitcoin was still up more than 300 percent in the past 12 months.

Will bitcoin collapse?

Bitcoin Drops to Its Lowest Since July. Can It Collapse? Bitcoin has lost a lot of ground, but several analysts believe the cryptocurrency will recover. Baron Rothschild, the 18th-century British nobleman and member of the Rothschild banking family, was quoted as saying "buy when there's blood in the streets, even in the blood is your own."