Bitcoin's price went down recently, and many people lost money! This happened because the price dropped below $90,000. It was a big price drop, causing lots of worry for people who own Bitcoin.
- Many people who recently bought Bitcoin lost the most money.
- People who had Bitcoin for a longer time lost less money.
- The biggest one-day loss was on February 26th.
| Losses | Amount |
|---|---|
| Total losses | $2.16 billion |
| Losses from buyers in the last week | $927 million (42.5%) |
| Biggest one-day loss (Feb 26) | $1.13 billion |
Bitcoin is a type of cryptocurrency, like digital money. A 'crypto crash' means its price suddenly falls a lot.
