. Bitcoin slides below $20,000 to lowest since December 2020 « JO LEE MAGAZINE

Reuters – Bitcoin dropped below the $20,000 level on Saturday to its lowest point in 18 months, extending its slide as investors showed they were unnerved by growing troubles in the industry and as the general pull-back from riskier assets continued.

The digital currency sector has been pummeled this week after cryptocurrency lending company Celsius froze withdrawals and transfers between accounts, while crypto companies started laying off employees and there were reports that a cryptocurrency hedge fund ran into trouble.

Learn more about cryptocurrency’s tenuous situation at Reuters.

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