Bitcoin plunged to below $42,000 in a matter of minutes earlier this morning after previously reaching a two-year high. The cryptocurrency’s price has plummeted by 7.3 per cent in the last day, reaching as low as $41,804 during the flash crash, according to CoinGecko. This latest development erased the previous gains made in the past week with Bitcoin currently trading at $42,370.66. Prior to Bitcoin crashing, the price of the cryptocurrency reached $45,000 in trading, for the first time in 21 months. Some $550million in crypto long positions have been liquidated in the last 24 hours, data fro…

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