Psychological boundary of bitcoin

Bitcoin – a Coinbase according to his data – it was that within a day it also produced a 10 percent drop on Wednesday. It also hit a low of $ 20,166 this year. The world’s largest digital currency has plummeted nearly 70% since its peak in cryptocross in November 2021, writes CNBC.

He had danced back by midnight on Wednesday, above the $ 22,550 level, but by Thursday morning, the course was already under 21,200.

Charlie Morris, founder of digital asset management company ByteTree, said the $ 20,000 was close to the peak of bitcoin’s latest big bull run in 2017, so it could be a boost to the token.

Cryptocurrencies are in free fall as fears of rising inflation, aggressive interest rate hikes and liquidity problems by one of the key players in the cryptocurrency have frightened investors.

The Federal Reserve cut interest rates by 75 basis points on Wednesday, frightening stock markets and losing other riskier assets. Real unsecured cryptocurrencies are the same, so capital is looking for a more secure shelter – this is well illustrated by the fact that WSJ yields on ten-year U.S. government bonds are close to 3.5 percent.

(Cover image: Jakub Porzycki / NurPhoto via Getty Images)

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