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‘Crypto carnage’ explained: Everything we know about Bitcoin’s sudden fall below 40k On the morning of Wednesday 19 th of May, the cryptocurrency market saw a sudden crash. Bitcoin saw a drop of over 34% at one point, and some other currencies fell by even more. However, it wasn’t all doom and gloom for crypto investors as the market recovered somewhat a few hours later, at the time of writing (17:000 May 19th) closer to a 20% drop. Bitcoin hits a low it hasn’t seen since late January 2021 Since Bitcoin’s all-time high of just over 65,000 on April 12 th 2021, it’s been in a downtrend and today hit a low it hasn’t seen since January 25

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