Bitcoin tumbles below $27,000 for first time since December 2020 as crypto sell-off intensifies

Bitcoin tumbles below $27,000 for first time since December 2020 as crypto sell-off intensifies

May 12, 2022 Luz Coby 0

Bitcoin plunged further below the $30,000 mark as investors fled cryptocurrencies.Jaap Arriens | NurPhoto | Getty ImagesBitcoin slumped below $27,000 Thursday for the first time in over 16 months, as cryptocurrency markets extended losses amid fears over rising inflation and the collapse of a controversial stablecoin project.The price of bitcoin plunged as low as $26,595.52…