Bitcoin plunged to its lowest level since December 2020 as a cryptocurrency selloff gained momentum on Thursday.
The world’s largest cryptocurrency by market value traded at $26,007.55, down 8.2% from its level at 5 p.m. ET on Wednesday, according to CoinDesk. Bitcoin had fallen for the past seven straight days through Wednesday — its longest losing streak since March 2020, according to Dow Jones Market Data. Ether has fallen 10.1% since Wednesday evening to trade at $1,825.27 on Thursday, its lowest level since July 2021.