Bitcoin plunges more than 20% in three days

Bitcoin prices surged to a new all-time high of nearly $42,000 on Friday, only to plunge all the way back to about $32,000 Monday morning. That’s a more than 20% drop — which means bitcoin is now in a bear market, as bizarre as it sounds.

Bitcoin prices surged to a new all-time high of nearly $42,000 on Friday, only to plunge all the way back to about $32,000 Monday morning. That’s a more than 20% drop — which means bitcoin is now in a bear market, as bizarre as it sounds.