Bitcoin drops below $20,000 as crypto selloff quickens ...Middle East

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The price of bitcoin fell below $20,000 for the first time since late 2020 on Saturday, in a fresh sign that the selloff in cryptocurrencies is deepening. Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping as much as 9% to less than $19,000, according to CoinDesk. 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's been sliding in recent weeks, took a similar tumble on Saturday. It's the latest sign of turmoil in the cryptocurrency in

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Last updated : 18 June 2022 clock 04:32 PM

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Bitcoin drops below $20,000 as crypto selloff quickens ...Middle East

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