Bitcoin Breakdown $20K Price Range, Will it Continue to Dive?
Bitcoin (BTC) traded at $20,338.84 with an increase of 8% in 14 days.Presently, BTC has a market cap of $395 billion. As a result of the market crash, several industries like Terra, Three Arrows Capital, and Celsius Network, have collapsed. Also, the most prominent cryptocurrency Bitcoin (BTC) value has tumbled by over 70% since reaching an all-time high of $69,000 in November 2021. However, presently Bitcoin overcomes the significant $19,500 barrier against the US Dollar and has over 40% of market dominance. As it, the global cryptocurrency market value is gradually increasing and has recaptured the $1 trillion level.The Market Volatility Decreases Before dropping to its lowest level of $17k in June of this year, Bitcoin experienced a price range of $69k in November 2021. Although, the recent bullish trend has resulted in a drop in crypto market volatility and an increase in BTC active address holdings. In addition, Bitcoin has a market cap of $395 billion, which surged by approximately 1.3% in the last 24 hours and had a trading volume of $38 billion. But still, BTC is expressing bearish signs and continues to be at risk of moving in the direction of the $18,000 mark. Still, when compared to the last bear market