Bitcoin drops

Bitcoin is having its worst week since November as an equity selloff, fear over higher interest rates and an escalating US regulatory crackdown on crypto combine to hurt investor sentiment.The largest token fell as much 3.2% on Friday, breaking below $20,000 for the first time since January, after falling more than 8% on Thursday. Smaller coins like Ether, Solana and Cardano also added to losses. A rout in US bank stocks on Thursday stoked concerns that rising borrowing costs are creating a treacherous economic and…

Bitcoin fell for a fourth day, sending the world's largest cryptocurrency to the lowest in nearly a month as sentiment in digital assets sours following the collapse of yet another onetime industry mainstay. The digital token fell as much as 2.7% on Thursday before recouping some losses to trade at around $21,500. Other tokens such as Ether also edged lower. Renewed turmoil in an industry already rocked by a series of blowups has put some investors on edge. The latest causality involves crypto-friendly bank…