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LONDON (AP) — The price of bitcoin fell below $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening.
Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping by as much as 9% to less than $19,000 and hovering around that mark, according to the cryptocurrency news site CoinDesk.
The last time bitcoin was at that level was in November 2020, when it was on its way up to its all-time high of nearly $69,000, according to CoinDesk. Many in the industry had believed it would not fall under $20,000.
Bitcoin has now lost more than 70% of its value since reaching that peak.
Bitcoin drops below $20,000 as crypto selloff quickens
Bitcoin has fallen below $20,000 for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening.
apnews.com
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The fact that it is still at 20k is what kills me and it was as high as 60k at one time. I bet that El Salvador president who bought all that bitcoin between for an average of 30k (way low estimate imho) is hating life right now
