Bitcoin slumped below $30,000 briefly last night before rallying 5 per cent. The world's biggest cryptoasset dipped to about $29,800 - falling below the key $30,000 mark for the first time since late July 2021. Crypto crunched: Bitcoin plunged to below $30,000 yesterday before a rallyThe value of bitcoin has more than halved since peaking at $68,990, according to Coindesk, late last year. Crypto jargon buster What is blockchain? > Read out crypto jargon buster guide to understand moreThe cryptocurrency's losses since early November stand at 54 per cent, echoing the crash in some high-flying US tech star shares.

Source: Daily Mail May 10, 2022 10:25 UTC