Bitcoin loses $2,000 in 6 hours, sending the price to $21,000

Bitcoin suddenly lost 6% of its value in under six hours as the crypto market drop sends the price of the world’s most popular cryptocurrency to a little over $21,000, a more than three-week low. At 9:40 a.m. EST, Bitcoin plunged from $22,738 to below $21,500, according to CoinMarketCap data. It’s now trading at $21,414 at the time of writing.

Many crypto investors and enthusiasts were hoping the current rally would carry bitcoin to the $30,000 mark. Unfortunately, a sudden crypto sell-off in early European trading caused bitcoin to dip below the $22,000 level. Earlier in the morning, Bitcoin fluctuated between $21,500 and $22,000.