Bitcoin’s price has broken below the key threshold of $20,000 for the first time since November 2020, 

risking triggering a fresh wave of selling and deepening the crisis gripping the digital asset sector. 

The largest cryptocurrency, which acts as a benchmark for the broader crypto market, plunged to under $18,000 on Saturday, 

That took it below the peak level of the previous bull run in crypto markets in 2017 and erased years of gains for long-term holders

Later in the day it rallied somewhat to top $19,000 but fell again early on Sunday to around $18,200 according to website CryptoCompare. 

Traditional financial markets were shaken this week after a trio of big central banks, led by the US Federal Reserve, 

boosted borrowing costs as part of an effort to tamp down intense inflation. 

Global equities posted their worst week since the darkest days of the pandemic in March 2020 as traders fretted that the aggressive action could snarl global growth or even trigger a recession 

The crypto market has sustained particularly acute pressure as the race for returns prompted by the massive stimulus efforts of central banks