Bitcoin Hovers Around 20K; Will It Recover? - BitcoinEthereumNews.com
BitcoinBitcoin Hovers Around 20K; Makakabawi ba Ito?07 / 05 / 2022Balita ng Ethereum ng Bitcoin The world‘s largest cryptocurrency, Bitcoin’s (BTC) price has registered a drop of around 56% in the second quarter of 2022. This has been recorded as the worst drop over the last 11 years. Bitcoin registers 2nd worst quarter Ayon sa Pananaliksik ng Arcane, the unfavorable macroeconomic outlook has affected the global crypto market. However, it is not over yet as another lending firm went on to suspend trading service this week. Meanwhile, Bitcoin recorded the 2nd worst performance in its history quarterly wise. Bumaba ang presyo ng BTC by 2% in the last 24 hours. It is trading at an average price of $19,369, at the press time. Bitcoin has been hovering around the $20k price level. However, it lost a crucial level over the last week. Somehow, BTC got registered a small rally at the end of June. The report added that sentiments for the crypto market have been depreciating over several months. Meanwhile, a slight improvement can be seen this week. The Fear and Greed Index managed to reach 19 on Monday, which is the highest record in the last two months. The digital asset market looks more