After a massive crypto market meltdown wiped out about $400 billion in value in just a week, bitcoin has dropped below $20,000 per bitcoin.
Since earlier this month, the bitcoin price has dropped below the psychological $20,000 mark, losing about $10,000.
Ethereum, as well as other significant cryptocurrencies such as BNB, XRP, Solana, and Cardano, have all dropped in value in tandem with the price of bitcoin.
Before the latest crypto crisis, billionaire investor Jeff Gundlach said he wouldn't be surprised if bitcoin's price fell any lower, to $10,000.
Meanwhile, the price of ethereum has fallen below the carefully watched $1,000 per ether mark, falling 10% in the last 24 hours.
BNB, XRP, Solana, and Cardano have all lost the same amount of money.