Four consecutive days of falling prices have caused bitcoin to fall to its lowest price since July 2021.
The price drop coincided with a downturn in the broader financial markets, which has impacted other leading cryptocurrencies such as Ethereum (ETH) and Solana (SOL).
The entire crypto market is now worth just over $1.5 trillion, down about half from its all-time high set last November.
Analysts appear to be divided on whether the recent collapse is part of a longer-term trend or just a temporary dip in what has been an exceptionally bumpy year for Bitcoin.
Monday’s drop below $33,000 leaves Bitcoin just 10 percent away from the critical $30,000 support level, which experts say could be a key testing ground for BTC and its future price action.
Here you can follow the latest news, analysis and price predictions from experts for Bitcoin and the rest of the crypto market.