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.
By HALELUYA HADERO and KELVIN CHAN
The last time bitcoin was at that level was in November 2020, when it was on its way up to an all-time high of nearly $69,000, according to CoinDesk. Many in the industry had believed it would not fall under $20,000.Ethereum, another widely followed cryptocurrency that has been sliding in recent weeks, took a similar tumble Saturday.
A spate of cryptocurrency meltdowns has sparked urgent calls to regulate the freewheeling industry, and last week bipartisan legislation was introduced in the U.S. Senate to regulate the digital assets. The industry has also upped its lobbying efforts — flooding $20 million into congressional races this year for the first time, according to records and interviews.
“There is a lot of turbulence in the market,” Fracassi said. “And the reason why prices are going down is because there is a lot of concern the sector is overleveraged.”
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
‘Lightyear’ Falls Prey to ‘Jurassic World Dominion’, Underwhelms with $20 Million at Friday Box Office'Lightyear' is estimated to finish with half of what 'Toy Story 4' made in its opening weekend.
Weiterlesen »
Bitcoin drops below $20,000 as crypto selloff quickensThe last time bitcoin was this low 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
Weiterlesen »
Bitcoin drops below $20,000 as crypto selloff quickensThe 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.
Weiterlesen »
Bitcoin drops below $20,000 as crypto selloff quickensThe last time bitcoin was this low 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.
Weiterlesen »
Bitcoin’s price falls below $20,000The price of bitcoin has fallen below $20,000 as a brutal selloff in cryptocurrencies deepened.
Weiterlesen »
Bitcoin drops below $20,000 as crypto market tumult continuesThe biggest cryptocurrency has fallen more than 70% from its all-time high in November.
Weiterlesen »