Bitcoin slumped below $20,000, which is considered an important psychological support zone.
Bitcoin, which started a sharp downward wave in the past days, continues to decline. While the negative mood in the markets continued, Bitcoin fell below the $20,000 level today.
Many reasons continue to weigh on the cryptocurrency market, including macroeconomic concerns, the energy crisis, the ongoing Russia-Ukraine war, fears over the liquidation of crypto companies, and the technical outlook. The decline, deepened by the collapse of the UST and LUNA, was fueled by fears over stablecoins and then accelerated by fears over the liquidations of Celsius and 3AC and uncooled inflation figures. As we mentioned earlier, the US inflation data announced last Friday was 8.6%, above the expectations.
Bitcoin, which has fallen by 8% in the last 24 hours, is trading at $ 19,300 as of publication time.
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