Crypto crash: Bitcoin falls below $20,000 as selloff continues

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It's the latest sign of turmoil in the cryptocurrency industry amid wider turbulence in financial markets.

As cryptocurrencies and related technologies reach into politics, intertwine with the larger economy and impact the environment, everyone could use a sense of what they are and how they work.

The price of bitcoin fell below $20,000 for the first time since late 2020 on Saturday, in a fresh sign that the selloff inBitcoin, 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.MADRID, SPAIN - 2022/06/17: A store offering numerous cryptocurrency electronic cash such as Bitcoin and Ethereum ATM machine in Spain.

Ethereum, another widely followed cryptocurrency that's been sliding in recent weeks, took a similar tumble on Saturday.

 

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Nice , bitcoin is a tool of the devil

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