Bitcoin market crash wipes billions off cryptocurrency’s value sparking ‘meltdown’ fears

Bitcoin, the world’s largest cryptocurrency, has suffered a massive price crash that has left thousands of investors fearing for their wallets.

Crypto has fallen to its lowest levels since December, dropping below £33,000 after a massive rally last year that saw a massive rally.

Other cryptocurrencies are also suffering. Ethereum lost more than 12 percent of its value yesterday, while “altcoins” such as Shiba Inu and Dogecoin also saw significant declines.

This is the second significant drop since December, which saw a drop of more than 10 percent.

“It’s going to be a bloodbath today,” one Twitter user said, as traditional stock markets also saw prices drop.

Bitcoin saw its biggest drop in value since December

The price drop follows an announcement by the US Federal Reserve that it will cut support measures for the US economy, affecting “risk” assets such as cryptocurrency.

While many people are panicking about losing money, others have called for caution on crypto investors.

One Twitter user wrote: “The last two times there was #BitcoinCrash, the price doubled twice after finally hitting under $30,000. So sit back and relax…”.

Studying stock market charts on computer, anonymous person, cryptocurrency, bitcoin
Investors are paying close attention to the cryptocurrency markets today after the big crash

How do I buy, sell or trade Bitcoin?

While some people encourage investors to buy more bitcoin “when it goes down,” or when its price goes down, it is really important to remember that the value of bitcoin is extremely volatile.

As a result, it can rise and fall in value very unexpectedly. While many people have made money from Bitcoin, many people have lost thousands.

You should speak to an independent financial advisor before making any major investment decisions because ultimately you are putting your savings and capital at risk.

To use Bitcoin, you need to download and install a cryptocurrency “wallet”. This is unique to you and is where your Bitcoin will be stored, sort of like a virtual bank account.

There are many different types of cryptocurrency wallets, including those that you can store on USB sticks or on your device. However, you can also get secure digital wallets through third parties.

If you want to buy Bitcoin, you will need to go to a trusted “crypto exchange” such as Coinbase, Binance or Gemini. They may charge small transaction fees, but they provide good security to protect your investment as well as sell other cryptocurrencies like Ethereum.

Just be sure to triple-check the authenticity of any site that claims to be an exchange site, paying close attention to the web address you’re visiting before paying for anything. There are a lot of scammers out there who are looking to deceive people who want to buy Bitcoin.