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Why did Bitcoin crash and will it go up again?

BITCOIN has plummeted to an 18-month low as investors sell-off their holdings.

The price of the cryptocurrency plummeted by as much as 15% on Tuesday morning (June 14).

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Bitcoin has plunged in price over inflation and rate rise fears
Bitcoin has plunged in price over inflation and rate rise fearsCredit: Getty

Bitcoin, the world's most popular crypto coin, fell as low as $20,950, according to coinmarketcap.

It has since trimmed some of those losses is currently trading at $22,737.85 at the time of writing, and is down over 8% in the past 24 hours.

Cryptocurrency prices have plummeted and Bitcoin is down 66% from its all-time high of $67,802.30  last November, the Wall Street Journal reports.

It's not the only cryptocurrency which has taken a tumble amid a global downturn in cryptocurrencies which have shaved thousands of pounds from investments.

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Ethereum and Tether - the world's second and third largest crypto coins respectively, have also plunged in recent weeks.

Of course returns when investing are never guaranteed, even more so with cryptocurrencies.

Crypto markets are highly volatile and prices can go down as well as up and in the blink of an eye.

You can lose all of you money and as it's unregulated, there's no one to complain to if things go wrong.

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They can also be complicated and you shouldn't invest in products you don't understand.

You should also be wary of scams as cryptocurrencies aren't regulated in the UK.

You can lose all your money investing in crypto and you're highly unlikely to get it back.

Recent plunges has sparked fears about the long-term future of cryptocurrencies, and whether the market will ever recover.

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