Bitcoin Price Tumbles Again. Why It Needs to Make a Stand.
— Federal reserve, Since late 2020, Lost 30, Rebounded slightly, Shed, Cryptocurrencies took another precipitous leg downward ahead, Price, Traded, Psychologically important — 1 min read
Bitcoin had shed 10% over the past 24 hours to $20,300, having lost 30% since last Friday. The largest crypto is now flirting with the psychologically important $20k level, which it has not traded below since 2020. The Federal Reserve is set to make a key decision on interest rates on Wednesday. Bitcoin is now back in favor of $21,373.26 at 9:19 a.m. on Wednesday, down 10% since Friday, but has rebounded slightly to $21k at 9.19a.m., having lost 10% in the last 24 hours. The Fed is expected to make its first major announcement on Wednesday at around noon ET on the 26th December 17th of the year. Source