Bitcoin Falls to $26,000 as Crypto Selloff Intensifies
- Date: 12-May-2022
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:Middle East
Bitcoin Falls to $26,000 as Crypto Selloff Intensifies
Bitcoin plunged to its lowest level since December 2020 as a cryptocurrency selloff gathered steam Thursday.
The world’s largest cryptocurrency by market value traded at $26,007.55, down 8.2% from its 5 p.m. ET level Wednesday, according to CoinDesk. Bitcoin had fallen the last seven consecutive days through Wednesday—its longest losing streak since March 2020, according to Dow Jones Market Data. Ether tumbled 10.1% from Wednesday evening to trade at $1,825.27 Thursday—its lowest level since July 2021.
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