Bitcoin has crashed more than 30% this week to $20,000
CNN
Bitcoin continues to tumble this week to trade just above $20,000 on Wednesday as the cryptocurrency sell-off shows little sign of abating.
The world's most valuable cryptocurrency has fallen about 15% since Monday, and by nearly a third since Friday, according to data from crypto exchange Coinbase. The coin has lost around 70% of its value since its all-time high in November last year, when it traded around $69,000.
Falling below the $20,000 barrier would be a sobering milestone for a market that boomed during the pandemic, analysts say.
President Joe Biden asserted Friday that Hamas has been degraded to a point where it can no longer carry out the type of attack that launched the current 8-month conflict in Gaza, laying out a three-phase proposal Israel has submitted to wind down the grinding crisis as he declared, “It’s time for this war to end.