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Bitcoin Drops Toward $20K Amid Contagion Risks in Crypto Markets

The asset is nearing a price level not seen since 2020 as prominent crypto firms see possible insolvencies.

The price of bitcoin is nearing a level not seen since 2020. (Adam Gault/Getty Images)
The price of bitcoin is nearing a level not seen since 2020. (Adam Gault/Getty Images)