Bitcoin price crash sees cryptocurrency lose 10 per cent of its value in less than 24 hours

Bitcoin has lost more than 10 per cent of its value over the last 24 hours, causing a flash crash across the cryptocurrency market.

Ethereum, ripple, litecoin and bitcoin cash suffered even heavier losses than bitcoin, seeing between 10 and 20 per cent wiped from their values.

The latest price crash follows several weeks of extraordinary gains for bitcoin, which have seen its value rise by around $5,000 since mid June.

It’s current value of around $11,500 still remains way above the price it started the year on, though a long way off its all-time high of close to $20,000, which it achieved in late 2017.

The latest losses come just as bitcoin was about to hit a new high for 2019.

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