NEW YORK: Bitcoin is having its worst week since November as an equity selloff, fear over higher interest rates and an escalating United States regulatory crackdown on crypto combine to hurt investor sentiment.
The largest token fell as much 2.1% on Friday in Asia, breaking below US$20,000 for the first time since January, after it fell more than 8% on Thursday. It pared some of the Asian slide to retake the round-number marker but remained subdued, as did smaller tokens such as Ether and Dogecoin.
