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

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

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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…

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