Bitcoin price crashes, Ethereum, other cryptocurrencies in red

Cryptocurrency prices today: Bitcoin recovers slightly after crash, Ethereum  down over 13% - Business News

Bitcoin isn’t the only cryptocurrency taking a hit. The entire market is plunging with popular cryptocurrencies such as Ethereum dipping more than 10 percent over the past 24 hours. Even the stablecoin Terra (UST) fell below the $1 USD it’s pegged to.

Elon Musk’s favorite cryptocurrency, Dogecoin, also fell to under $0.11. That’s a 52-week low for the memecoin.

To watch video: https://youtu.be/7E8Be7sy4mU

At least one buyer “bought the dip,” though. El Salvador’s president Nayib Bukele announced on Twitter that the country purchased 500 Bitcoin while the market was tanking. Bukele has been a big supporter of Bitcoin. The country made history in October of last year when it became the first country to accept Bitcoin as legal tender.

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