Bitcoin Falls Below $18,000, Ethereum Under $900 as Selloff Intensifies

[Jaya60]

After BTC and ETH dropped below key support levels of $20,000 and $1,000 on Saturday morning, the selloff intensified as HODLers await the bottom.Just after 3 a.m. on Saturday morning, Bitcoin finally fell below $20,000. One hour later, Ethereum followed it down and fell below $1,000. Those figures were seen as much-dreaded key support levels for the top two coins by market cap.

But by 5:15 a.m. EST, both began to slowly climb back, appearing to avoid the immediate precipitous slide many predicted would happen if $20,000 and $1,000 were breached. Some may have hoped $18,979 and $987 would be the lows of this crash.more

[Alcor]

It is possible that the Bitcoin drop below $20,000 that occurred on Saturday, June 18th was the bottom of the current cryptocurrency market decline. In any case, I would like to hope so. Already on Monday, June 20, the price of bitcoin rose above $20,000, and ethereum above $1,000. Today we see that bitcoin is steadily holding a position around $21,000 and is now $21,079, and ethereum is $1,155. For now, we need to see how cryptocurrency prices will behave in the near future.