The “bloodbath” of the cryptocurrency sector worsened last week and despite yesterday’s rebound it remains at critical levels. Bitcoin hit new lows for the year, leaving the average buyer of the world’s most popular digital asset in the negative.
Bitcoin sank below $20,000 for the first time since July last year, while ether, the Ethereum blockchain-pegged token, fell to almost $1,000. The declines mean bitcoin has reached $1,000.