Tuesday, 11 October 2022

Bitcoin Is on Same Bumpy Ride as Stocks. Where Prices May Stop Falling. – Barron’s

Bitcoin and other cryptocurrencies were lower Tuesday as the same sentiment that is driving demand for stocks continued to grip digital assets. As Bitcoin heads further below the key $20,000 level, analysts are watching for where prices may stop falling.

The price of Bitcoin has dropped 1% over the past 24 hours to below $19,100. The largest crypto is now firmly at the bottom end of the $19,000 to $24,000 range that has dominated since a mid-June selloff, and a move below $19,000 would take it close to yearly lows below $18,500.



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