Bitcoin has once again slumped below the mark of $20,000 on Wednesday.
Bitcoin had reached that level on June 22.
The leading cryptocurrency is traded at $19,998, down 5.27% on Wednesday morning.
Bitcoin sank the rest of the crypto market with it.
Ethereum, the industry’s second-largest cryptocurrency, fell 7.45% in the day and is currently priced at around $1,128.
Other top cryptocurrencies have also fallen. Solana (SOL) is down by 9.8%, trading at $35.16, Avalanche (AVAX) fell 6.82% to $18.21, Binance Coin (BNB) fell 8.39% to $219.62.
The latest price action also saw the cumulative market capitalization of all cryptocurrencies plummet below $900 billion.