
Bitcoin suddenly plunges 20% – wiping $10,000 off the value of a single coin
Bitcoin plunged by more than 20% over the weekend - wiping more than $ 10,000 (£7,395) off the price of a single coin.The fall puts the cryptocurrency on track for its biggest one-day drop since March, when the COVID-19 pandemic was just beginning to shred global markets. Bitcoin fell as low as $ 30,500 on Monday afternoon - its lowest point since 5 January - after reaching a record $ 42,000 on Friday.The crash prompted the UK's Financial Conduct Authority to warn that those who invest in cryptocurrencies should be prepared to lose all of their money.In a statement, the FCA said crypto investments generally involve very high risks - and some investment companies may understate these dangers while exaggerating potential returns. ...