Top 5 Cryptocurrencies to Watch this Week: BTC, SOL, LTC, LINK, BSV
(BTC) plummeted to $17,622 on June 18. This marks the first time in Bitcoin’s history falls below the previous cycle high. The US Federal Reserve’s aggressive monetary tightening, the crisis at crypto lending platform Celsius, and liquidity problems at the Three Arrows Capital hedge fund are creating a sense of panic among investors. traders.
Market Commentator Holger Zschaepitz Says Bitcoin Has crashed more than 80% four times in history. That makes the current drop about 74% in historical standards. Previous bear markets bottomed just below the 200-week moving average, according to market analyst Rekt Capital. If history repeats itself, Bitcoin is unlikely to stay at its current low for long.
