Bitcoin, Ethereum Technical Analysis: BTC Drops by Over $2,000 in the Last 24 Hours – Market Updates Bitcoin News

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BTC nears $20,000, as prices plunge following U.S. inflation report.

) was trading lower in today’s session, as markets continued to react to the latest U.S. inflation report./USD dropped to an intraday low of $20,062.67 earlier today.

Markets had expected August’s consumer price index to come in at 8.1%, down from 8.5% the month prior.However, with the CPI coming in at 8.3%, traders’ confidence faded, leading to a bloodbath across the crypto market. Looking at the chart, this sell-off took place following a false breakout of the $22,600 resistance point, with prices now hovering around a key support point.Should bearish sentiment remain throughout the day, we could potentially see traders target a lower support level of $19,300.) was also subjected to the bearish onslaught, as the token fell below $1,600 the day before the anticipated start of The Merge event.

Less than 24 hours after hitting a high of $1,637.05, the world’s second largest cryptocurrency dropped to a bottom of $1,564.03 on Wednesday.

 

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Bitcoin will hit $100, then probably bounce back someday in near future. 🤣🤣😂😂

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I would like to see 15,000 price on my Finex tomorrow already

Oh this sweet dip, my USDt is ready for that, dump more!

Why is everybodyy silentDLHM on thiss?

Why is nooboody talking aboout this?

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How come no onee is talkingg about this

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