Bitcoin latest: Cryptocurrency prices PLUMMET but analysts predict Ethereum could DOUBLE and overtake Bitcoin from here

CRYPTOCURRENCY prices continue to plummet today as part of a steady decline since Elon Musk raised doubts about them.

The Tesla billionaire triggered a market surge a few months back when he revealed his company had made a billion dollar investment in Bitcoin and planned to accept payments for cars in the currency too.

He also inspired massive investments in Dogecoin – a joke coin that he seems to like – after declaring himself ‘the Dogefather’ and repeatedly talking about the coin on social media.

But last week things took a turn for the worse after Musk’s SNL appearance saw a massive investor dump of Dogecoin – and Musk himself declared Tesla had changed its mind about accepting Bitcoin payments for cars.

He declared the idea had been shelved indefinitely due to concerns over the environmental impact of mining Bitcoin – something that saw the entire cryptocurrency market enter its current steep decline.

But as Bitcoin falls, some analysts are suggesting Ethereum as an alternative investment, suggesting its relatively stable value could soon double and overtake the tumbling Bitcoin.

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