Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Markuri33 on September 19, 2022, 06:58:00 PM
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On-chain and technical indicators also hint at more pain for Bitcoin and Ethereum for the remainder of 2022. Bitcoin (BTC) and Ethereum's native token, Ether (ETH), started the week on a depressive note as investors braced themselves for a flurry of rate hike decisions from central banks, including the U.S. Federal Reserve and Bank of England.
Bitcoin price fails to hold $20,000
On Sept. 19, BTC's price failed to regain the $20,000 psychological support zone. The BTC/USD pair slipped by 6.5% to around $18,250, while ETH dropped 4% to approximately $1,280.
Their gloomy performance came as a part of a broader decline that started in mid-August, wherein BTC and ETH wiped a total of 28% and 37% off their market valuation, respectively.more info (https://cointelegraph.com/news/bitcoin-ethereum-crash-continues-as-us-10-year-treasury-yield-surpasses-june-high)