Since its price fell on June 18, Bitcoin has managed to regain some color trading around $ 21,000. This Thursday, the cryptocurrency fell again below the symbolic level of 20,000 dollars6.92% disposal in less than 24 hours.
End of a difficult month
At the time of writing, Bitcoin is trading at $ 19,118 after pulling below $ 20,000 for the second time this year. On June 18, we remember, the course on the cryptocurrency was unscrewed until its realization bun annually at $ 17,760 is a concern in the cryptosphere.
However, this valuation created a certain attraction of profit and expressed buying pressure. Until tonight, the latter kept Bitcoin afloat above its $ 20,000 support.
This morning, the price of BTC began to depress unprecedentedly until it reached $ 18,917. Bitcoin market capitalization lost 2% on the day and its dominance remains stable at 42.5%.
Note that, just like June 18, the Bitcoin price only flashed bun weekly. In fact, the $ 18,000 level seems to represent a very strong support on which buyers are mobilizing.
The same dynamic on the Ethereum side
At the same time, the price of Ethereum assumed a loss of 7.68% but remained above the symbolic level of 1,000 dollars. Recall that ETH, like Bitcoin, crossed important support on June 18 while trading at 897 dollars. Today, ETH, at the time of writing this report, has value, at 1037 dollars.
Both cryptocurrencies lost value more than 70% from its HUD of November 2021. It should be remembered, however, that the price of Bitcoin today is five times higher than was known during the bear market Spring 2020. Despite the great turmoil felt in the cryptocurrency markets, the latter has a market capitalization of almost 1,000 billion dollars.
Crypto-assets are a risky investment.