Bitcoin price continues to hover below US$40,000 after experiencing a global crypto market crash across digital tokens last week.
Bitcoin touched a low of US$34,042 over the weekend, a loss of more than 50% from its all-time high in November, according to a report by Bloomberg. On a whole, digital tokens have shed some US$1 trillion in value since a November peak.
This has signalled an influx of mentions of “crypto winter” and “crypto ice age” on social media amid the latest drop. “Gm gm -- make sure you stay warm, crypto winter is in full force,” Twitter user @brycent_ posted on Monday, using the crypto shorthand for “good morning” to start his tweet.