Bitcoin Falls Below $45,000 as Global Market Rout Infects Crypto

Bitcoin Falls Below $45,000 as Global Market Rout Infects Crypto

(Bloomberg) -- Cryptocurrency prices slumped as a broad selloff sparked by worries about contagion from China Evergrande Group swept through global markets.

Bitcoin dropped 7.3% to $44,127 as of 7:33 a.m. in New York, reaching the lowest level in a week. Other digital assets also retreated, with Bitcoin Cash, EOS and Ether all declining.