The total cryptocurrency market cap has erased $1.2 trillion (£913.8 billion) of investor wealth in just over five weeks. Bitcoin prices have plummeted over 25% to below $90,000 (£68,536) this week, down from record highs of $126,000 (£95,951) in early October.
The last time Bitcoin traded below the $90,000 mark was seven months ago, erasing much of this year's gains and sparking widespread concern across the crypto industry.
