Bitcoin and All Major Cryptocurrencies Crash as Much as 40%, Billions Lost

RadioOnFire.com - The Bitcoin craze may be coming to an end, as the volatile cryptocurrency recently dropped 25%, sending the price below $13,000.

According to reports, the cryptocurrency reached $20,000 this past Sunday but dropped to $14,000 by the following Monday. Bitcoin wasn’t the only cryptocurrency that took a loss, as other currencies like Bitcoin Cash and Ethereum lost billions of dollars in total. The overall percentages crashed as much as 40%.

According to CNN, the price of Bitcoin rose over 1300% since the beginning of 2017. Previously, Bitcoin dropped 12% after Coinbase allowed rival Bitcoin Cash to buy and sell.

Source: money.cnn.com