Bitcoin Price Careens Toward $20,000 as Cryptocurrency Rout Deepens

Cryptocurrencies extended their slide Wednesday, with bitcoin on the verge of falling below $20,000 for the first time since December 2020.

Bitcoin’s price fell as low as $20,111 in early U.S. trading before rebounding a bit to trade recently at $21,271. That marks a 3.3% drop from Tuesday’s 5 p.m. ET price and a 69% plunge from a high of $68,990.90 reached in November 2021, according to CoinDesk.