Bitcoin’s price falls below $20,000

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The price of bitcoin has fallen below $20,000 as a brutal selloff in cryptocurrencies deepened.

Bitcoin BTCUSD fell momentarily to $18,739.50 and stayed below $20,000 on Saturday, according to CoinDesk, losing 72% of its value from its high in November.Bitcoin BTCUSD fell momentarily to $18,739.50 and stayed below $20,000 on Saturday, according to CoinDesk, losing 72% of its value from its high in November.

“It will be a lot of pain for a lot of investors,” said Yuya Hasegawa, a market analyst at Japanese crypto exchange Bitbank Inc. People will lose confidence in the crypto market as a whole, but seasoned crypto investors and those who believe in its long-term prospects will see an opportunity to buy at discounted prices, he said.

 

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is seriously hopeless

'The idea we're going to be able to click a switch, bring down cost of gas & food, is not likely in near term,' Biden. It's global inflation, Fed can't control global inflation. Inflation remains high. Fed raised rate=housing market dies. Stagflation ahead

and it's gonna be worse

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