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| Bitcoin Price Tumbles After Wall Street Selloff |
Bitcoin price drops after Wall Street liquidation
The cryptocurrency is down 20%, hitting its lowest level in months.
Bitcoin and other cryptocurrencies are notorious for their volatility and often fall for mysterious reasons.
Bitcoin and other cryptocurrencies fell sharply on Saturday, another sign that investors are retreating from higher-risk bets after a massive sell-off in the stock market this week.
Bitcoin, the largest cryptocurrency by market cap, fell more than 20% to $42,000 at midnight ET on Saturday before rebounding, according to data from CoinDesk. It was trading at $49,127.60 around 3pm, down 9% in 24 hours.
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