After yesterday’s price plunge towards and beneath $20,000, bitcoin has stalled and struggles to remain above that coveted line.Bitcoin Fights for $20K
The previous week was particularly harmful to the primary cryptocurrency, which dumped by more than $4,000 in less than seven days to a monthly low of around $21,000. It spent most of this past week around that level, trading sideways. The largest price fluctuation came on Thursday when the asset tried to reclaim $22,000 but was stopped in its tracks.
This led to more violent consequences, especially after Fed Chair Jerome Powell reiterated the central bank’s stance on fighting inflation. In a matter of hours, BTC slumped by more than a grand.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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Source: CoinDesk - 🏆 291. / 63 Read more »