Bitcoin is now over 50% down from its all-time high.

May 9, 2022

Bitcoin’s price continues to free-fall as it dipped below $33,000 today.

Here’s how the crypto community is reacting to bitcoin’s 50% plunge from its peak in November.

Dogecoin creator Billy Markus tweeted, “please take this moment to remember that there are no experts in crypto prices. It's all just a collective delusion."

Crypto influencer Lark Davis tweeted that the same level of bitcoin fear reading, 11,  has in the past marked an opportunity for buyers.

Gold bug Peter Schiff predicted that if bitcoin falls below $30K it seems highly likely that it will crash below $10K.

Binance CEO Changpeng Zhao also tweeted during the time of crash, “HODL is never easy.”

Crypto-related companies’ stocks also fell significantly. Coinbase and MicroStrategy’s stocks fell 5% and 8%, respectively.