After trading sideways at the $22k level through the weekend, Bitcoin’s price finally broke through its support level, dropping by over 3%, and currently trading at the $21k range. Ethereum also failed to hold support at the $1,600 level, falling to the $1,500 range on Monday. While support levels could not hold, the global cryptocurrency market remains above $1 trillion; whether that will continue is up for debate. Key Points: Bitcoin fails to hold the $22k support level and drops to the $21k range. While crypto prices drop, trading volume increases, suggesting plenty of potential market momentum. Upcoming Fed interest-rate
The post Bitcoin Price Drops Below $22K, Global Crypto Market Remains Above $1T appeared first on The Merkle News.
Powered by WPeMatico