Bitcoin price news: Why is bitcoin going down today? BTC crashes $12.5billion
Bitcoin, the world’s biggest and best-known cryptocurrency, is currently trading at less than $11,300, according to CoinMarketCap - down from a high of more than $12,000 yesterday (January 28).
Its coin market capitalisation is now hovering around the $190billion mark, which is far below its December peak of nearly $335billion.
Bitcoin’s growth looked unstoppable last month, when it surged from less than $3,000 to nearly $20,000 in just a few months
But the entire crypto market has faltered since the start of the year, with bitcoin’s closest rivals Ripple and Ethereum also struggling.
The bitcoin (BTC) price tracker below shows the digital currency’s value in real time
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