Bitcoin Tumbles Below $26K, Touches 18-Month Low

The world’s largest digital token, Bitcoin, tumbled as much as 7% to $25,366, at an 18-month low. The most popular crypto is down more than 43% so far this year (YTD), and is trading far below its record high of $69,000 it had hit in November last year.

Bitcoin price continued its selloff as part of broader declines in cryptocurrencies after a sharp rise in US inflation triggered risk-off sentiment.