The headlines tell you almost all you need to know:
- Bitcoin price under $70,000: Seriously, what’s going on? | CNN Business
- Sudden $2 Trillion Crypto Crash Sparks ‘Death Spiral’ Fears For Bitcoin Price
- Bitcoin is crashing so hard that miners are unplugging their equipment
- Bitcoin drops 15%, briefly breaking below $61,000 as sell-off intensifies, doubts about crypto grow
- Crypto Selloff Deepens, Hitting Strategy and Pushing Bitcoin Price Below $65,000
It briefly hit a low of $60,506.99:
To offer Bitcoin holders a bit of hope, I will point out the CNN article claims there have been crashes of equal magnitude before and the crypto currency recovered within a year. However, the reasons for the crash were different then.