London: Price Bitcoin Saturday fell below $20,000 for the first time since 2020, in a new sign that a sell-off cryptocurrency deepening.
Bitcoin Breaks Below Psychologically Important Range, Falls 9% Below $19,000 According to News Site coindesk, The last time bitcoin was at this level was in November 2020, when it was on its way to its all-time high of $69,000.
Bitcoin has now lost over 70% of its value since reaching that peak. This is the latest sign of turmoil in the cryptocurrency industry. Investors are selling riskier assets as banks are increasingly raising interest rates to combat inflation.
Bitcoin Breaks Below Psychologically Important Range, Falls 9% Below $19,000 According to News Site coindesk, The last time bitcoin was at this level was in November 2020, when it was on its way to its all-time high of $69,000.
Bitcoin has now lost over 70% of its value since reaching that peak. This is the latest sign of turmoil in the cryptocurrency industry. Investors are selling riskier assets as banks are increasingly raising interest rates to combat inflation.