Bitcoin skids under $20,000 in Minsky Moment for crypto: ‘Psychologically for a lot of people, this is galling’
Is bitcoin BTCUSD, +9.89% facing a breaking point? That’s what some investors, acolytes and otherwise, might be contemplating, as the cryptocurrency’s descent accelerates over the weekend. The world’s No. 1 digital asset was last trading at $18,654, down more than 70% from its peak of around $65,000, with the broader crypto market feeling to some…