Why is crypto down today? How Bitcoin price has crashed amid fears over Evergrande crisis in China

The price of Bitcoin and other cryptocurrencies crashed on Monday, with some losing more than 10 per cent of their value. Bitcoin fell from around $47,000 (£34,400) to $41,600 (£30,400) according to CoinDesk data. It recovered slightly on Tuesday, climbing back to $43,000 (£31,400). Ethereum fell from $3,300 (£2,400) to $2,900 (£2,100), and Cardano also suffered big losses. The crash prompted El Salvador's President, Nayib Bukele, to encourage people to "buy the dip". El Salvador became the first country in the world to officially announce Bitcoin as a form of legal tender two weeks ago. "We just bought the dip….