Bitcoin Price Plummets Below $20,000 For First Time Since November 2020
Bitcoin’s price has plummeted below $20,000 for the first time since November 2020 – the digital asset sector now finds itself in crisis.
The drop has erased years of gains for long-term holders.
Irish Central Bank Governor Gabriel Makhlouf previously warned that bitcoin investors ‘should be prepared to lose all their money.’
Cryptocurrencies weren’t the only investments hit hard – the S and P 500, and index which tracks the performance of 500 large companies on the US stock market, had it’s worst week since 2020