Bitcoin price drops to $25,000, ethereum falls below $1,400!

[BDLLTD]

The cryptocurrency market is deep in a bearish quagmire.

　　On June 13, the latest market data showed that bitcoin quotes briefly touched $25,000 a piece and were strung out back and forth at that point, with a 24-hour drop of 7. 4%, the lowest since Dec. 26, 2020.

　　The market's other major pillar, Ether, is even worse, with the latest offer having fallen below $1,400 a piece and is sliding towards the $1,300 mark, down 11. 01% in 24 hours, the lowest point since March 1, 2021.

What do you think about this?

[MongiIG]

6 hours ago, BDLLTD said:

The cryptocurrency market is deep in a bearish quagmire.

Hi @BDLLTD

Thanks for sharing,

Bitcoin Price Prediction: Can 200-week moving average bring support BTC desperately needs?

• Bitcoin price losing 13% on Monday, breaks below $25,000 for the first time since December 2020.
• Crypto analyst Justin Bennett predicted a significant pullback in Bitcoin price as crypto market capitalization takes a hit. 
• Bennett argues Bitcoin is in the middle of a breakdown from a bearish continuation pattern. 
• The analyst sets a downside target of $23,500, a 15% decline from the current price level for Bitcoin. 

 

Ekta Mourya | FXStreet | CRYPTOS | 6/13/2022