Bitcoin price crashes – loses 20 percent in just 20 minutes

Bitcoin price crashes – loses 20 percent in just 20 minutes.

Image source: Shutterstock

Christian Ploog

christian.ploog@trijo.co

After falling sharply, the bitcoin price bounced back a bit and is traded at around $7,300 at the time of writing.

Early in the morning (CEST), the bitcoin price fell sharply. From around $7,800, the price of the world’s biggest cryptocurrency dropped to $6,178 in just 20 minutes, according to numbers from Bitstamp.

This is a loss of over 20 percent.

The price then bounced back a bit, and bitcoin is currently trading at $7,300.

Over the last 24 hours, bitcoin’s total market cap has fallen from $142 billion to $128 billion – a $14 billion decrease.

Bitcoin currently represents 56.4 percent of the total market cap of all cryptocurrencies, according to Coinmarketcap.

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