and other cryptocurrencies tumbled Friday. This time around, crypto’s recent turmoil has little to do with it. Instead, blame the stock market and broader investor concerns about central bank policies and the economy.
Bitcoin’s price fell 4% to $17,000 in the last 24 hours. It looks like the largest digital asset could fall below this critical level, wiping out gains from its recent notable rise. It sank to a two-year low near $15,500, the highest level since last month’s painful sale sparked by the company’s bankruptcy.