'I just bought the dip but it keeps dipping': Twitter abuzz amid crypto crash

cnbctv18.com:

Social media was abuzz with memes as the cryptocurrency market recorded a dramatic fall on Friday. Bitcoin, the largest cryptocurrency as per the market cap, fell over 15 percent to trade below $36,000, its lowest since July 2021.

After almost touching the $52,000 mark on December 27, 2021, the crypto had been trading around the levels of $38,000-50,000. Bitcoin was last trading at the level around $35,350.

Since touching its highest level of $70,000 in November 2021, Bitcoin has crashed nearly 50 percent.The fall was similar for another major crypto coin, Ethereum, that plunged over 20 percent to trade below $2,500.The trade did not show any sign of improvement on Saturday as well. Another popular crypto, Dogecoin dropped to its lowest point in the last nine months and was trading around the level of $0.13 on Saturday.The latest crypto fall comes a day after reports of Russian government's plans to ban use and mining of cryptocurrencies and the rejection Bitcoin ETF from Skybridge by the Securities and Exchange Commission, USA, reported the Street.Investors and netizens took to Twitter to talk about #bitcoincrash and #cryptocrash.