The news is being updated
The first cryptocurrency failed the $20,000 level.was accompanied by a surge in trading volumes.
Hourly BTC/USD chart. Data: Trading View.
On the higher time frame, you can see that the $20,000 level is the peak of the last bitcoin bull run that ended at the end of 2017.
Weekly BTC/USD chart. Data: Trading View.
The price of Ethereum is gradually “sliding” below the $1000 level:
Hourly ETH/USD chart. Data: Trading View.
The total capitalization of the cryptocurrency market has fallen to $885 billion, which is comparable to the values of January 2021. For comparison, in November last year, the figure exceeded $2.9 billion.
Data: Coin Market Cap.
Cryptocurrency fear and greed index fell to an all-time low of 6.
Data: alternative.me.
At the time of writing, bitcoin is trading around $19,380.The price decline for the day was 6.7%, according to CoinGecko.
Earlier, Galaxy Digital CEO Mike Novogratz expressed his belief that Bitcoin will hold above $20,000, and Ethereum will not fail the $1,000 level.
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