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Updated:05:55 AM EDT Mar 28


this is ggmania.com subsite Bitcoin Crashes below $20,000 for the First Time since Late 2020 - TechAmok

Bitcoin Crashes below $20,000 for the First Time since Late 2020 - [briefly]
06:58 AM EDT - Jun,19 2022 - post a comment

Today marks one of the bloodiest and depressing days yet in the crypto market. Bitcoin, the world's leading digital currency, has tripped below another major support level and plummeted to $18,100 at the time of this posting, a value that the coin has not seen since the early beginnings of the euphoric 2020 bull market. Whether to sell at a loss or become bag holders for what could be many years is certainly the question of the day for many investors, as the new valuation has driven immense fear in the market for reasons that include the dip going so far as to fall below Bitcoin's all-time high from 2017. Ethereum, naturally, has followed in Bitcoin's wake, dropping below $1,000 and prompting reports that explain why many miners can't profit off of Ethereum mining anymore due to factors such as rising energy prices. GPU enthusiasts who haven't warmed up to crypto as a genuine investment yet are presumably thrilled at these developments.

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