Bitcoin Drops $9K in an Hour on Spot Market Selling; El Salvador Again Buys the Dip

The Wall Street Journal

Bitcoin Price Tumbles After Wall Street Selloff

Bitcoin and other cryptocurrencies fell sharply Saturday, another sign that investors were pulling back from riskier bets after this week’s stock-market selloff. Bitcoin, the largest cryptocurrency by market value, was trading at $48,125.67 around 12:30 p.m. Eastern Time on Saturday, down more than 12% in 24 hours, according to data from CoinDesk. Ether, the second-largest cryptocurrency, was down more than 7% on Saturday afternoon.