Bitcoin price crash: Cryptocurrency market in meltdown as value suddenly plunges

clicks | 8 months ago | comments: discuss | tags: cryptocurrency bitcoin ethereum

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Bitcoin , ethereum and other major cryptocurrencies have experienced a sudden drop in price, knocking billions of pounds off their value in the space of just a few minutes.The shock collapse comes after a sustained period of relative stability for cryptocurrency markets, potentially triggered by a major stock market sell-off .Bitcoin lost around 7 per cent of its value and is currently trading below $6,300 (£4,700).​ Ethereum, ripple and bitcoin cash were hit even harder by the downturn, falling by between 10 and 12 per cent on Thursday morning.The price falls have pushed bitcoin close to its lowest value of 2018, having dipped to around $5,800 in July.Since a market peak in January, more than $600 billion has been wiped off the value of cryptocurrencies.Cryptocurrency analysts have attributed the cryptocurrency price movements to the biggest stock sell-off since February....