Crypto Market Sudden Drop Sends Bitcoin Below $22,000
Bitcoin and ether ended Thursday in the red, but ether is up more than 100% since mid-June.
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Bitcoin on Friday fell to its lowest level in more than three weeks, dropping below $22,000 amid a sudden crypto sell-off in early European trading.
Bitcoin dipped slightly from $22,738 to under $21,500 at 2:30 a.m. ET, according to CoinDesk data, before recovering slightly to just under $22,000 over a 10-minute period.
It comes right after the world’s largest digital currency break through the $25,000 level for the first time since June after US stocks rose.
Ether dropped from $1,808 to $1,728 at the same time before creating a muted rally. By 3:05 a.m. ET, it stood at $1,733, where it hasn’t traded since Aug.