Bitcoin briefly dropped below $20,000 as sell-off accelerates
Carnage in the crypto markets shows no signs of slowing down, as Bitcoin and ETH continue their sell-off at a rapid clip on Saturday afternoon. Bitcoin is now trading at $18,566, the lowest since 12/2020.
Ethereum also dropped to $988, the lowest since January 2021. The total market capitalization is now only $855 billion, $2.1 trillion had been wiped off the entire cryptocurrency market since November 2021.