Bitcoin is in turmoil on Thursday, having quickly plunged to below $6,000 for the first time since last May. : The top cryptocurrency by market value plunged to as low as $5,678 - the lowest level since May 2019 - soon before press time. That represents a 25 percent drop on a 24-hour basis, according to CoinDesk’s Bitcoin Price Index. However, just as quickly, prices rebounded to over $6,550. Meanwhile, major European equity market indices like Germany’s DAX, France’s CAC and U.K.’s FTSE 100 are down at least 6 percent at press time.