The price of Bitcoin crashed below $24,000 on Monday, June 13.
This is the lowest Bitcoin price since December 2020. During July last summer the Bitcoin fell briefly to $29,000 before rapidly recovering.
The price of Bitcoin has tanked 13% in the past 24 hours and 24% in the past week. This comes right after Bitcoin posted a record nine weeks of straight red candles.
Bar stablecoins, all cryptocurrencies in the top 20 by market cap are down in price.
XRP and BUSD have flipped Cardano in recent hours and ADA falls to 8th place in the crypto rankings by market cap.
UNUS SED LEO has seen a small 0.2% loss in the past 24 hours and the LEO token has flipped Avalanche to sit at 15th place in the crypto rankings by market cap.
Despite the current crash, in other crypto news, there are many altcoins gaining in price today.
EverGrow Coin is one of the fastest-growing cryptocurrencies today with 24% growth in the past day.
The price of EverGrow Coin is currently $0.0000002398. This is up from a low of $0.0000001930 yesterday.