Highlights

  • Bitcoin is down 50% in the last 6 months
  • Experts have been calling a 'crypto' winter since the Terra tumble

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Bitcoin crashes below $20,000; 50% value wiped out this year

Bitcoin has fallen for 12 straight days, Ether breached the $1,000 mark briefly 

In a big jolt to the crypto backers, Bitcoin broke a key level crashing below the crucial $20,000 market for the first time since December 2020.

The world's largest digital token by market value has fallen for 12 days straight and has lost over 50% in value over the last 6 months. Ether, the second most popular crypto has also collapsed below the $1000 mark in Saturday's trade.

Read/Watch Also: Is the cypto ecosystem crumbling

After the collapse of the Terra blockchain and the recent decision by crypto lender Celsius to halt withdrawals, the crypto ecosystem seems to be crumbling.

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