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Bitcoin drops 6.5% to below $20,000 By Reuters

© Reuters. FILE PHOTO: A neon logo of cryptocurrency Bitcoin is seen at the Crypstation cafe, in downtown Buenos Aires, Argentina May 5, 2022. Picture taken May 5, 2022. REUTERS/Agustin Marcarian

(Reuters) – dropped 6.53% to $19,106.37 at 0734 GMT on Saturday, losing $1,334.33 from its previous close.

Earlier in the day, it sank as far as $19,047.61, its lowest point since December 2020.

Bitcoin is down 59% this year, while ether is down 73%.

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