Bitcoin Dips Below $50K as Investors Flee Risk Assets

The world’s largest cryptocurrency fell for a fourth straight day, dropping to as low as $49,112, data from TradingView show. 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%.