The first cryptocurrency continued to correct — in a few hours, the quotes dropped to the level of $20,200.
The chart below shows a drop below the mentioned mark against the backdrop of a surge in trading volumes:
Update:
Bitcoin has tested levels below $19,800 (on the Binance exchange). At the time of writing, the quotes have slightly corrected – the first cryptocurrency is trading near $20,000.
Digital gold dragged the rest of the market down with it – the most capitalized altcoins (except stablecoins) ended up in the “red zone”.
At the time of writing, Bitcoin is trading at $20,240. The total market capitalization is $976 billion, according to CoinGecko.
On March 7, the first cryptocurrency failed the $20,200 level, but then recovered somewhat. This happened against the backdrop of a statement by the head Fed Jerome Powell on the high probability of further tightening of monetary policy.
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