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Bitcoin is experiencing its worst price crash since 2022, falling more than 10 per cent on Monday morning to hit a six month low.
The world’s leading cryptocurrency dropped below $50,000 (£39,000) for the first time since February before recovering to $52,000 at the time of writing.
The sudden plummet comes after one of the most positive periods in bitcoin’s history, having rallied to a record-breaking $74,000 in March and remained close to that level until this weekend.