Bitcoin falls below $50,000

The crash comes amid wider turmoil in the global financial markets

Bitcoin, the world’s largest cryptocurrency by market capitalization, has shed more than 10% of its value in one day, amid a global stock market crash that has affected the cryptocurrency market, according to trading data.

The price of Bitcoin has fallen below $50,000 for the first time since February, hitting a low of $48,126 at 08:41 GMT on Monday. It has recovered slightly since then.