Bitcoin and other cryptocurrencies fell sharply Saturday, another sign that investors were pulling back from riskier bets after this week’s stock-market selloff.
Bitcoin, the largest cryptocurrency by market value, plunged more than 20% to $42,000 at midnight Eastern Time on Saturday before bouncing back, according to data from CoinDesk. It was trading at $49,127.60 around 3 p.m., down about 9% in 24 hours.
The declines were widespread across the cryptouniverse. Other widely traded cryptocurrencies including Solana, Dogecoin and Shiba Inu coin lost more than a fifth of their value.
Books. Bikes. Boomsticks.
“I only regret that I have but one face to palm for my country.”
Saturday, December 04, 2021
Slump.
Boy howdy, did Bitcoin...and cryptocurrencies in general...take a dump last night or what?
From the Wall Street Journal: