BySiladitya Ray,
Forbes Staff.
Bitcoin early on Friday dropped below $82,000 for the first time since mid-April, as the world’s most valuable cryptocurrency continued to be hit by a selloff that has tanked its price by around 25% since the start of November.
Bitcoin’s price briefly dropped to $81,871.19 early on Friday before settling at around $82,460, falling around 10.2% in the past 24 hours.
As a result of the nearly month-long selloff, bitcoin’s price is 10% below what it was at the start of the year, as it has wiped out a majority of the gains it made since President Donald Trump’s election win last year.
