Almost exactly one year after rising above $90,000 for the fist time in its history, bitcoin has fallen back to that level after suffering a severe price crash.
A record-breaking rally took the cryptocurrency to a new all-time high above $125,000 last month, with some market ***** ysts fearing the sudden drop could be the beginning of a more sustained bear market.
Bitcoin was trading at $93,000 on Monday morning, marking a 25 per cent decrease over the last six weeks. Previous price cycles have seen bitcoin lose around 75 per cent of its value after hitting a record high.
“Bitcoin’s pullbac