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Fears Of A ‘Major’ 50% Correction Send Bitcoin Crashing Under $50,000 As Ethereum, Ripple’s XRP And Cardano Lead $200 Billion Crypto Price Plunge Bitcoin has crashed under the psychological $50,000 per bitcoin level for the first time since early March. The bitcoin price fell as low as $48,780 on the Luxembourg-based Bitstamp exchange before rebounding slightly. Other major cryptocurrencies, including ethereum, Ripple's XRP and cardano have also crashed. Guggenheim Partners' Scott Minerd has cautioned bitcoin is "very frothy" and could be about to experience a "major correction" Bitcoin bulls point to the emergence of long-awaited institutional adoption and the sudden interest from companies keen to add bitcoin to their balance sheets.

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