Bitcoin price falls below $20K for first time since 2020, Ethereum dips under $1K

Bitcoin just dropped below its previous cycle high for the first time ever.

confirmed BTC/USD sliding under $20,000 for the first time since December 2020, reaching press-time lows of $19,066.

As nerves heightened after the United States Federal Reserve's comments on the inflation outlook, crypto markets bore the brunt of a sell-off, whichLosing the psychologically significant $20,000 mark, Bitcoin also achieved a lifetime first — dropping below its previous halving cycle's high for the first time in its history.

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