Mayor Eric Adams’ grand experiment with converting his paycheck to cryptocurrency began Friday — just in time for the latest plunge in value for bitcoin and other leading tokens.
The price of bitcoin hit a six-month low on Friday, sinking approximately 10 percent to $38,565 per token as of noon, according to cryptocurrency platform Coinbase. Ether sank nearly 14 percent to $2,794.53.
That’s a significant drop from when Adams first announced he would convert…
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