Bitcoin Falls Below $20K, ETH Below $1k
For the first time since December 2020, the price of BTC traded below $20,000
This happens as the entire market tumbles amid rampant rumors and ongoing challenges.
Currently, the cryptocurrency dropped to a low of $19,066 on Bitstamp Exchange, which is below the iconic previous all-time high from 2017 – $19.7K.
This comes on the back of a broader market pullback where all cryptocurrencies are trading well in the red.
The market capitalization tumbles further below $1 trillion, standing at $885 million at the time of this writing.
This has also propelled liquidations of futures contracts and their collective worth over the past 24 hours has exceeded $125 million.
Ethereum also falls under $1,000 for the first time since January, 2021.