Bitcoin Crashes Below $32,000, Takes Tesla, Coinbase, MicroStrategy And Other Cryptos Down With It

Bitcoin BTC/USD saw a major price crash today, bringing other cryptocurrencies and related crypto stocks down with it as well.

What Happened: According to CoinMarketCap data, Bitcoin saw a correction of over 27% from its 24-hour high of $43,546 to a low of $31,663 before jumping back up to $39,117 at press time, still more than 9% lower.

Similarly, Ethereum ETH/USD corrected by nearly 42% from a high of $3,460 to $2,014 before bouncing back up to $2,650, 24% lower than today's high.

Tesla Inc TSLA shares closed today at $563,46, 5.5% lower than yesterday's high of $594,65.

MicroStrategy (NASDAQ: MSTR) took a harder hit and spiraled down over 17% from yesterday's high of $502.25 to $415.04, closed at $454,86, with a 6.6% loss during the day.

See also: Tesla Has 'Diamond Hands,' Says Elon Musk Confirming It Has Not Sold Bitcoin, Sets Crypto Twitter On Fire Again

Coinbase COIN was hit almost as hard as MicroStrategy, with its stock currently being nearly 6% down during the day. It crashed by near 15% from yesterday's high of $249.84 to a low of $212.93 and closed at $224,80.