Bitcoin Falls Below $50,000 Amid Global Market Sell-off

Key:
Bitcoin drops over 14%, hitting $50,759.96.
Lowest since Feb. 13 at $49,111.10.
Bitcoin down nearly 18% since Saturday.
Ether plunges 17% to $2,259.35.
Coinbase shares fall 18%, MicroStrategy down 22%.
Japan stocks suffer worst one-day sell-off since 1987.
Market fears driven by weak July jobs report and recession concerns.
Bitcoin still up 20% year-to-date despite recent losses.

Thirty percent slumps, as scary as they are, are par for the course during bull markets and it’s encouraging bitcoin bounced back above $50,000