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Bitcoin drops below key $20,000 threshold
Bitcoin drops below key $20,000 threshold
Gowtham Kishore
Crisis in digital assets deepens as crypto market benchmark falls sharply...
The largest cryptocurrency, Bitcoin has plunged to under $18,000 on Saturday,
It is the first time to happen since November 2020...
A fall of 14 percent has took it below the previous bull run...
“The dominoes are falling now,” said
Conor Ryder
Global equities posted as their worst week since the darkest days of pandemic in March 2020...
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Traders fretted that aggressive action could snarl global growth or trigger a recession!!!
Bitcoin has shed more than 70 per cent of its value since its peak last autumn!
Ryder
expects the further drop in markets to put more pressure on other lenders and traders!
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