Bitcoin prices surged to a new all-time high of nearly $42,000 on Friday, only to plunge all the way back to about $32,000 on Jan. 11.
Credit:	Shutterstock

Bitcoin prices surged to a new all-time high of nearly $42,000 on Friday, only to plunge all the way back to about $32,000 on Jan. 11.
Credit: Shutterstock

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Bitcoin plunges more than 20% in three days. It's now in a bear market

Bitcoin prices surged to a new all-time high of nearly $42,000 on Friday, only to plunge all the way back to about $31,000 Monday morning. That's a more than 20% drop -- which means bitcoin is now in a bear market, as bizarre as it sounds.