Bitcoin has shed about 11% so far this week, the most since a 23% weekly tumble in Nov
Cryptocurrencies listed on a Bitcoin automated teller machine (ATM) at a liquor store in Washington, DC, US, on Jan 19, 2023. (Photo: Bloomberg)
NEW YORK: Bitcoin is having its worst week since November as an equity selloff, fear over higher interest rates and an escalating United States regulatory crackdown on crypto combine to hurt investor sentiment.
The largest token fell as much 2.1% on Friday in Asia, breaking below US$20,000 for the first time since January, after it fell more than 8% on Thursday. It pared some of the Asian slide to retake the round-number marker but remained subdued, as did smaller tokens…
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