Crypto crash: What is happening to Bitcoin and is it good news for you?

Bitcoin - the world's largest digital coin - saw its price tanking by over 10 per cent to $24,548 - the lowest in 18 months. Other cryptocurrencies seem battered, too. But is this good news for you?

In Short

• The cryptocurrency market has been crashing for the past few months.
• The Bitcoin lost a market cap of about 10 per cent in 18 months.
• But this is good news for those who want to invest right now.

Cryptocurrency markets plummeted to an all-time low earlier today, throwing Bitcoin, Ethereum, and other coins into a bigger selloff. The market cap has already shrunk to $1.02 trillion from $1.10 trillion in about one day, while it has lost a cap of about $1 trillion so far this year. Now, this is both an opportune time and a distressing period depending on whether you are thinking of investing or are already a holder.