Bitcoin Plummets 10%, Dow Falls 500 Points in Market Turmoil

On March 5, 2024, Bitcoin experienced a significant drop in value, with multiple reports highlighting a crash to prices not seen in recent times. The cryptocurrency plummeted approximately 10% in an hour, reaching levels last observed on Monday, and overall saw a decrease of -9% to levels not seen since last week. This sharp decline, also described as crashing to prices not seen since yesterday, was part of a broader market downturn, as evidenced by a 12% decrease from its record value and a corresponding 500-point drop in the Dow Jones Industrial Average. The rapid devaluation of Bitcoin was noted by several financial analysts and news outlets, marking a notable moment of volatility in the digital currency market.