Cryptocurrency: Bitcoin Plummets, Falls Below $16,000

Bitcoin.images by Forbesimg.com

Cryptocurrency: Bitcoin Plummets, Falls Below $16,000

Bitcoin price has fallen below $16,000 For the first time in two years.

Bitcoin saw its price dive below $16,000 late Wednesday as a major sell-off in the crypto market intensified after Binance backed out of a potential deal to buy its rival FTX.

In what seemed to be a bad week for cryptocurrency , the price of Bitcoin plummeted to $15,588 around 6:00 p.m. EDT , its lowest since November 12, 2020.