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Cryptocurrencies extended their slide Wednesday, with bitcoin on the verge of falling below $20,000 for the first time since December 2020.
Bitcoin’s price fell to around $20,526.57 in early U.S. trading. That marks a 6.7% drop from Tuesday’s 5 p.m. ET price and a 70% plunge from a high of $68,990.90 reached in November 2021, according to CoinDesk.
The rout in cryptocurrencies has wiped out roughly 1 years of gains for bitcoin, which started to soar at the end of 2020 as speculative fervor washed over financial markets.
Created with Highcharts 9.0.1Bitcoin's priceSource: CoinDeskAs of June 15, 10:03 a.m. ET
Created with Highcharts 9.0.12022June20,00022,50025,00027,50030,00032,50035,00037,50040,00042,50045,00047,500$50,000
Since late last year, the air has been leaking out of...
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