Bitcoin Continues to Bleed, Falls Below $50K

The world’s largest cryptocurrency fell as low as $49,112, before recovering slightly, according data from TradingView. Ether (ETH), the native token of the Ethereum blockchain, sank to as little as $2,060, the least since Jan. 3. The CoinDesk 20 index, which tracks some of the most liquid non-stablecoin tokens, dropped nearly 20%.