Bitcoin drops below $20,000, set for worst week since FTX crash

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Bitcoin hit by equity selloff, fear over higher interest rates and an escalating U.S. regulatory crackdown on crypto. Find out more

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The largest token fell as much 3.2 per cent on Friday, breaking below US$20,000 for the first time since January, after falling more than 8 per cent on Thursday. Smaller coins like Ether, Solana and Cardano also added to losses.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

 

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