Bitcoin price plunges below $80,000 as $1.6b liquidation wave intensifies selloff – DL News
- Bitcoin is now below $80,000 per coin.
- The leading digital asset over a one-year period has shed more than 25% of its value.
- Crypto markets have struggled to recover since the October 10 liquidation event.
Bitcoin on Saturday dropped below $80,000 per coin for the first time since April as a crypto selloff intensified.
The biggest and oldest cryptocurrency was recently priced at $79,113 after dropping 4% over a 24-hour period, according to CoinGecko.
Over the past week, it has dropped by more than 11%. Year-to-date, the leading digital asset is also down 11%.
The selloff comes as investors this week pulled nearly $1.5 billion out of US Bitcoin exchange-traded funds, according to data from Farside Investors. The funds, managed by the likes…
