Bitcoin Dips Below $20,000

Bitcoin Dips Below $20,000
A neon logo of cryptocurrency Bitcoin is seen at the Crypstation cafe, in downtown Buenos Aires, Argentina, on May 5, 2022. Agustin Marcarian/Reuters
Reuters
Updated:

Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60 percent from its year high.

Bitcoin, the world’s biggest and best-known cryptocurrency, was last down 1.5 percent at $19,946 on Saturday, down $298 from its previous close.