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Bitcoin fell below $ 20,000 on Saturday and reached its lowest level in 18 months, increasing its slide as investors slowed down from risky assets amid rising interest rates.
The largest cryptocurrency fell 7.1% to $ 18,993 at 0906 GMT, as it once touched $ 18,732, the lowest since December 2020.
It fell by about 59% this year, while ether cryptocurrency rival Ethereum backed by ether by 73%.
The digital currency sector collapsed this week after cryptocurrency lending company Celsius banned withdrawals and transfers between accounts.
The sector also lost after companies such as Coinbase Global Inc (COIN.O), Gemini and Blockfi said they would lay off thousands of workers as investors discarded dangerous assets.