Bitcoin falls Thursday to lowest level since 2020

Bitcoin fell 9 percent Thursday to below $21,000, reaching its lowest level since 2020, UPI reported on June 16.

With the collapse of “stablecoin” Terra and its sister coin luna, cryptocurrencies have fallen 20% during the past week amid a broad sell-off in risky assets.

Cryptocurrency trading platform Coinbase fell 7.2 percent on Wednesday. A Securities and Exchange Commission filing Tuesday showed that Coinbase will lay off about 1,100 people, about 18 percent of its global workforce, leaving the company with about 5,000 employees by June 30.

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