Bitcoin Prices Struggling To Break Above $20,000 Mark
Aa
Share
Summary:
- Bitcoin prices struggle below the $20,000 mark, but still above June low.
Read next: Oil Companies Gains Offer FTSE 100 Support, The Canadian Dollar’s Current Situation
Bitcoin prices rose more than 2% on Monday
The price of the largest cryptocurrency, Bitcoin (BTC) has consistently struggled to break above the $20,000 mark since it dropped below last Tuesday. BTC has risen around 2% in the past 24 hours, however the fall in price since the start of the 2022 year could largely be attributed to the wider market sell-off in the wake of depressed market conditions.
Bitcoin’s price is trading at less than a third of its all-time high price of $69,000 reached in November of 2021, but has managed to stay above its lowest of $18,000, the bottom it hit during a wide sell-off in mid June.
BTC Price Chart
Sources: finance.yahoo.com, barrons.com
