Following the bankruptcy of crypto-focused lender Silvergate Bank and the ensuing sell-off in digital assets, Bitcoin temporarily dropped 8% to below $20,000 on Thursday evening New York time. Over the course of the next 24 hours, the market value of the most actively traded cryptocurrencies, including Bitcoin and Ethereum, lost more than $70 billion.
More Than $70 Billion Wiped Off Crypto Market in 24 Hours as Bitcoin Drops 8% Below $20,000
