Bitcoin’s Price Keeps Falling Amid Crypto Liquidations, Fire Sales
Bitcoin resumed its slide this week and the crypto winter is getting colder. More crypto funds and lenders are on the edge, while the stock market woes have weighed on Bitcoin and other cryptocurrencies, which have traded like speculative growth stocks.
Bitcoin failed to hang onto $21,000 at the start of the week and briefly tumbled as low as $18,650 late Thursday. It quickly reclaimed $20,000 but fell to around $19,500 as of Friday evening.
The Bitcoin price hit an 18-month low…