Cryptocurrency Price Check: Bitcoin Down as Investors Remain Edgy

Bitcoin was falling Monday as the world’s most popular cryptocurrency struggled to stay above the symbolic mark of $20,000.

‘Full Panic Mode’

Bitcoin at last check on June 20 was at $20,385.12, up 4% in the last 24 hours. But it had fallen 23% in the past seven days.

The cryptocurrency on Saturday had dropped as low as $17,592.78, marking the first time it had fallen below $20,000 since December 2020.

“Bitcoin now below 19k, a 72% crash from its all time high in November 2021. 1000s of other sh–coins have lost 99% of their value and disappeared,” Nouriel Roubini, chief economist at Atlas Capital, tweeted. “And even the other Top 10 ‘cryptocurrencies’ have lost 80-90% of their value from their ATH. This Ponzi house of cards is collapsing.”

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