Wall Street sell-off batters bitcoin, pounds palladium as investors go to cash

Crushing asset sell-offs
ranging from bitcoin to precious metals and European stocks
accompanied Wall Street’s slide into bear market territory on
Thursday, as investors liquidated positions across their
portfolios to raise cash.
Bitcoin dropped 26%, marking its largest fall in
seven years, as fears of the coronavirus’ economic impact
unnerved investors. Palladium and platinum – precious metals
that are key components of auto exhaust systems – posted their
biggest