Bitcoin Battered as Markets Spiral

Investors sold stocks, especially shares of banks, and other risky assets ahead of the U.S. jobs report on Friday. Bitcoin ( $76,551.00 ) has lost 9% over the last 24 hours, dropping below $20,000, a level the cryptocurrency hasn’t fallen below since mid-January. On Thursday, $250 million in long positions in Bitcoin ( $76,551.00 ) was liquidated, according to data from Coinglass. The wider crypto market also fell on Friday, after a week of interest-rate fears and the collapse of crypto-focused Silvergate Bank.