Bitcoin plunges below $27k, erases 2021 gains

Source: CNBC

“Bitcoin slumped below $27,000 Thursday for the first time in over 16 months, as cryptocurrency markets extended losses amid fears over rising inflation and the collapse of a controversial stablecoin project. The price of bitcoin plunged as low as $26,595.52 Thursday morning, according to Bitstamp data. That marks the first time bitcoin has sunk below the $27,000 level since Dec. 30, 2020.” [editor’s note: If I had cash to invest, I’d be “buying the dip” right now; but if you’re of a different mindset, just tired of cryptocurrency and ready to dump it and walk away, I hope you’ll consider using it to support our work at https://news.rationalreview.com/support-rrnd – TLK] (05/12/22)

https://www.cnbc.com/2022/05/12/bitcoin-btc-price-falls-below-27000-as-crypto-sell-off-intensifies.html