Top 5 cryptocurrencies to watch this week: BTC, SOL, LTC, LINK, BSV - BitcoinEthereumNews.com
BitcoinNangungunang 5 cryptocurrencies na mapapanood ngayong linggo: BTC, SOL, LTC, LINK, BSV06 / 19 / 2022Balita ng Ethereum ng BitcoinăăBitcoin is flashing some early signs of a relief rally, and SOL, LTC, LINK and BSV could follow if bulls reclaim $20,000 as a support level for BTC.ăăBitcoin (BTC) plummeted to $17,622 on June 18. This marked the first time in Bitcoinâs history that it has fallen below its previous cycle high. The United States Federal Reserveâs aggressive monetary tightening, a crisis at crypto lending platform Celsius and liquidity issues at investment fund Three Arrows Capital are creating a sense of panic among traders.ăăMarkets commentator Holger Zschaepitz said that Bitcoin has crashed more than 80% four times in history. That puts the current fall of about 74% within historical standards. Previous bear markets have bottomed out just below the 200-week moving average, according to market analyst Rekt Capital. If history repeats itself, Bitcoin is unlikely to stay at the current depressed levels for a long time.ăăPang-araw-araw na pagtingin sa data ng merkado sa merkado ng Crypto. Pinagmulan: Coin360ăăCoinglass data suggests that Bitcoins 39% loss in June of this year is the worst ever since 2013. While several investors expect Bitcoin to