Cryptocurrency news LIVE – ‘Wolf of All Streets’ trader Scott Melker says Bitcoin & other cryptos are ‘CRASHING today’

BITCOIN and other cryptocurrencies have had a rough start to the week — and one top investor has said they are ‘crashing’.

THE price of Bitcoin dramatically dropped more than 10 percent on Tuesday as El Salvador suffered problems in the rollout of the cryptocurrency as its legal tender.

Bitcoin’s value crashed suddenly from $52,500 to below $44,000 on Tuesday, according to CoinMarketCap.

The price has since recovered to just over $46,700 as of 11.30am EST.

The drop still wiped billions off people’s investments.

Ethereum (ether), Cardano (ada), and Binance Coin also suffered heavy drops in value.

On Wednesday, “Wolf of All Streets” podcast host and trader Scott Melker tweeted: “URGENT! BITCOIN & ALTS ARE CRASHING. WHAT’S NEXT?”

Read our cryptocurrency live blog for the latest news and updates…

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