Bitcoin Breaches $19K Level – Will Selloff Continue? What’s The Next Bottom?

Bitcoin Breaches $19K Level – Will Selloff Continue? What’s The Next Bottom?


The price of Bitcoin (BTC) is currently trading below the $20,000 mark, reaching a low of $19,147 on Saturday, according to statistics from Coingecko.

As the whole cryptocurrency market continues to be pummeled, the price of BTC has fallen below its 2017 all-time high of $20,000, and the market as a whole continues to suffer severe losses. At the time, reaching $19,500 was referred to as a “surge” associated with potential U.S. regulation of stablecoins.

The BTC/USD pair fell below $20,000 for the first time since December 2020, reaching $19,065 at press time, according to TradingView data. Since November, the biggest cryptocurrency has lost more than 70 percent of its value.

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