Bitcoin, the oldest cryptocurrency in the world is facing a bloodbath. A Bank of America report suggests that the cryptocurrency has faced the fifth-worst collapse of assets in financial history, and by far, the biggest since the 1970s.
Reportedly, Bitcoin has plummeted 77 per cent from its peak trading mark of $70,000 in November last year. The crash is thought to be much steeper and greater in scale than the one faced by the likes of Mississippi Co, South Sea Co and Roaring 20s.