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probablyasocialecologist:

Bitcoin drops below $20,000 as crypto plunge continues
A spate of cryptocurrency meltdowns have erased tens of billions of dollars of investors’ assets recently.
aljazeera.com

The price of Bitcoin fell below $20,000 for the first time since late 2020 in a new sign the selloff in cryptocurrencies is deepening.

Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping as much as 9 percent to less than $19,000, according to CoinDesk, a United States-based exchange platform.

The last time Bitcoin was at this level was November 2020 when it was on its way up to its all-time high of nearly $69,000.

Bitcoin has now lost more than 70 percent of its value since reaching that peak.

Ethereum, another widely followed cryptocurrency that is been sliding in recent weeks, took a similar tumble on Saturday.

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Reblogged 11 months ago from marxistprincess (Originally from probablyasocialecologist)
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  32. probablyasocialecologist posted this
    A spate of cryptocurrency meltdowns have erased tens of billions of dollars of investors’ assets recently.