Bitcoin Is Sliding. Two Events That Might Move Cryptos This Week.
— Cryptos, Week, Trough, Volatilitythe, Wider, Events, Asset, Sliding, Traded, Weekend — 1 min read
Bitcoin and other cryptocurrencies slid back on Monday after rallying over the weekend. The price of Bitcoin fell 3% over the past 24 hours and was holding around $20,500. The largest digital asset continues to change hands at less than one-third its all-time high near $69,000, reached in November 2021, but is well above the $18,000 bottom that was hit during the trough of a selloff in mid-June. The week ahead holds key catalysts that could see more volatility, including the fear of recession that has shaken wider markets, and the week ahead is key to seeing more volatility in the digital asset market as investors are not immune to the fears of the global recession that have shaken the wider markets. Source