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Bitcoin value slumps below $20,000 in cryptocurrencies turmoil

Digital asset slides to lowest level since November 2020 as rate rises increase pressure on markets

The price of bitcoin has fallen below $20,000 (£16,400) amid deepening turmoil in the cryptocurrency market.

The cornerstone digital asset slipped to levels not seen since December 2020 on Saturday morning, at one point going under $19,000 before recovering to about $19,160, according to CoinDesk.

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