BITCOIN PRICE CRASHES 25% BUT ANALYSTS PREDICT NEW RECORD HIGHS

The price of bitcoin continued to tumble on Friday amid a market-wide crash.

More than $100bn (£71.6bn) has been wiped from the crypotocurrency’s value since Sunday, when it hit an all-time high above $58,000 (£41,500)

On Friday afternoon it was trading at about $46,000, marking a 25-per-cent drop in value in just five days.

Other major cryptocurrencies also saw their values plummet in recent days, including ethereum (ether), litecoin and dogecoin.