Bitcoin’s plunge intensifies, tanks 30% to $30,000 in single day amid broad cryptocurrency sell-off
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- Bitcoin plunges 10% to a 14-week low as sell-off continues, but a bottom could be near
- Arjun Kharpal
- May 19 2021
- Word count
- 296 words
It's back up around $40k again now - still significantly down on a couple of weeks ago, but most of the huge losses from this afternoon seem to have bounced back.
It was interesting to watch: pretty much all cryptocurrencies dropped 30-50% in an hour, and then most of them bounced a decent chunk of the way back in about the same amount of time.