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.
