Bitcoin falls as sell-off in risk assets resumes, trades at levels not seen since 2020
— Stock, Nasdaq, Rose, Bitcoin, Assets, Percentage, Risk, Selloff, Point, Interest — 1 min read
Bitcoin is down more than 20% in the last week and has dropped more than 60% from its all-time high in November. The tech-heavy Nasdaq fell more than 3% on Thursday as a sell-off in global risk assets resumed. Bitcoin has been closely correlated with stock indexes, in particular the Nasdaq, which rose on Wednesday after the U.S. Federal Reserve hiked interest rates by 0.75 percentage point. The digital currency is sitting at levels not seen since late 2020 and down to $21,000 at 4:18 p.m. ET on Thursday. The world's largest cryptocurrency almost dropped below $20,000 in the past few days, according to data from CoinMetrics and is now sitting at Source