Bitcoin started the week trading below $19,000, as recent economic pressures continued to weigh on cryptocurrency markets. The token fell lower in today’s session, as market sentiment remained bearish following last week’s rate hikes by the U.S. Federal Reserve. Ethereum was also lower, falling below $1,300.
Bitcoin
Bitcoin (BTC) slipped below $19,000 to start the week, as sentiment in the market remained bearish following last week’s interest rate hike by the U.S. Federal Reserve.
Following a weekend of consolidation, BTC/USD fell to a low of $18,696.47 on Monday, less than 24 hours after trading at a peak of $19,274.87.
Today’s decline pushes bitcoin closer to its long-term support level of $18,300, which was last hit on Wednesday, following the United States FOMC meeting.
As of writing, BTC has marginally moved away from the aforementioned low, and is currently trading at $18,942.88
Bears look set to recapture this floor, and should this happen, we will likely see the world’s...
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