Bitcoin Rallies Above $20,000. Why Momentum Behind a New Plunge Is Growing.
— November 2021, Fell, Possibility looming, Bitcoin rose 1, Helped along, Selloff, Crypto space remains, Mid, Tech, Key — 1 min read
Bitcoin and other cryptocurrencies rose 1% over the past 24 hours to $20,100. The largest digital asset is trading at less than one-third its all-time high near $69,000. Bitcoin has held above its $18,000 bottom that was hit during the trough of a selloff in mid-June. But the crypto space remains under intense pressure, with the possibility looming of another leg downward in prices. The price of Bitcoin rose by 1% on Wednesday, helped along by the correlation between digital assets and tech stocks. Bitcoin is now trading at a third of its all time high reached in November 2021, but has held below its $70,000 mark. The market is still in a bear market for digital assets Source