Bitcoin Price Tumbles After Wall Street Selloff

2 years ago 288

Bitcoin and different cryptocurrencies fell sharply Saturday, different motion that investors were pulling backmost from riskier bets aft this week’s stock-market selloff.

Bitcoin, the largest cryptocurrency by marketplace value, was down 18% astatine $46,571.84 astatine astir 7 a.m. ET, according to information from CoinDesk. It temporarily dipped to $42,000 earlier bouncing back. Ether, the second-largest cryptocurrency, was down adjacent to 16%.

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