Bitcoin news LIVE – Safemoon and Dogecoin hit by major cryptocurrency market plunge as Bitcoin falls below $50,000

SAFEMOON has been predicted to overtake Dogecoin as one of the most heavily invested cryptocurrencies in the world.

The coin, which is only a couple of months old, has proven hugely popular in recent days with thousands of investors seemingly transferring their funds from meme coin Dogecoin over to Safemoon.

Meanwhile a general market plunge saw coins plunge in value across the board in recent days – including Safemoon, Dogecoin and Bitcoin, the latter of which fell below $50,000.

It came after Guggenheim Partners’ Scott Minerd told CNBC’s Worldwide Exchange that the world’s largest cryptocurrency has run too far, too fast and could fall 50% to $20,000 within a matter of days.

Read our cyptocurrency live blog below for the very latest updates…

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