Bitcoin BTC has crashed under $20,000 per bitcoin after a huge crypto market meltdown wiped away around $400 billion of value in just a week—with some traders' worst fears materializing. Ethereum and other major cryptocurrencies BNB BNB , XRP XRP , solana and cardano have all crashed along with the bitcoin price. Ahead of the latest crypto crash, billionaire investor Jeff Gundlach warned he wouldn't be surprised to see the bitcoin price fall further to hit $10,000—calling the trend in crypto "clearly not positive." Meanwhile, the ethereum price has dipped under the closely-watched $1,000 per ether level, down 10% over the last 24 hours, while BNB, XRP, solana and cardano have all lost a similar amount. The combined crypto market has lost around $400 billion over the course of this month, plunging the combined market capitalization below $1 trillion, down from $3 trillion in November last year.

Source: Forbes June 18, 2022 17:54 UTC