Bitcoin drops below $20,000 as crypto selloff quickens

  • FILE - An advertisement of Bitcoin, one of the cryptocurrencies, is displayed on a building in Hong Kong, on Nov. 18, 2021. Bitcoin and other cryptocurrencies were collapsing in price Monday, June, 13, 2022 after the major crypto lender Celsius halted all withdrawals citing “extreme market conditions." It is the second collapse of a part of the crypto world in the last two months. (AP Photo/Kin Cheung, File)

NEW YORK — Bitcoin fell below the psychologically important threshold of $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening.