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Bitcoin Drops Toward $20K Amid Contagion Risks in Crypto Markets

The asset is nearing a price level not seen since 2020 as prominent crypto firms see possible insolvencies.

Updated May 11, 2023, 4:41 p.m. Published Jun 15, 2022, 9:59 a.m.
The price of bitcoin is nearing a level not seen since 2020. (Adam Gault/Getty Images)
The price of bitcoin is nearing a level not seen since 2020. (Adam Gault/Getty Images)