Bitcoin (BTC) came within $1,000 of its previous cycle all-time highs on June 14 as liquidations mounted across crypto markets.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin price hits 18-month lows
A sell-off that began before the weekend intensified after the June 13 Wall Street opening bell, with Bitcoin and altcoins falling in step with United States equities.
The S&P 500 finished the day down 3.9%, while the Nasdaq Composite Index shed 4.7% ahead of key comments from the U.S. Federal Reserve on its anti-inflation policy.
The worst of the rout was reserved for crypto, however, and with that, BTC/USD lost 22.4% from the start of the week to