Bitcoin continued to fall Saturday, dropping beneath $20,000. The final time the cryptocurrency was price much less was on the finish of 2020, when it started its meteoric rise in worth to peak at greater than $67,000 final November. 

Bitcoin, together with different cryptocurrencies, dropped dramatically all through 2022 as coin holders offered their holdings because of the downturn of the economic system. The decline in worth has affected crypto exchanges, with Coinbase and Crypto.com saying they’d lay off a portion of their workforces. 

Regulators and legislators have set their eyes on crypto, with the US Securities and Change Fee investigating cryptocurrency trade Binance, and legal guidelines in state homes seeking to put the brakes on crypto mining.

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