An asteroid with 'earth destroying capabilities' is on its way towards earth - but should you be worried?

NASA has confirmed that an asteroid with devastating capabilities is hurtling towards our planet at an incredible speed. But should we be alarmed?

The rock, called 2020 CH, measures between 22 to 55 metres in diameter, making it a relativity small asteroid. But it is heading towards us at 21,100 miles an hour - and it's due to be seen tonight.

Though it may sound unsettling, the reality of this space phenomenon is more interesting than it is frightening.

Is an asteroid going to hit earth this week?

NASA has reportedly said that there is a 0.1 per cent chance of earth being struck by a large asteroid in any year. There is also a 20 per cent chance the asteroid will hit an unpopulated area of the planet.

The space agency stated, “If a rocky meteoroid larger than 25m but smaller than one kilometre were to hit earth, it would likely cause local damage to the impact area".