Billions lost as Bitcoin and all major cryptocurrencies crash as much as 40%

According to CNN Money, Bitcoin has lost a third of its value in the past 24 hours. The cryptocurrency dropped 25%, sending the Bitcoin price below $13, 000. So could that mean that the Bitcoin craze is coming to an end?

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%.

Source: CNN Money