Bitcoin price drops below $20,000, below the level widely watched by crypto enthusiasts, Brutal selling in cryptocurrency It showed no signs of backing down. “Bitcoin’s break through the $20,000 price level was close, given the pessimism we feel in the market,” said Naim Aslam, market analyst at AvaTrade. Yuya Hasegawa, market analyst at Japanese crypto exchange Bitbank Inc. People will lose faith in the cryptocurrency market as a whole, but seasoned investors in cryptocurrency who believe in their abilities. For Wayne Sharp, a retired investment advisor in Columbus, Ohio, the tumbling crypto market came as no surprise. Recently, cryptocurrency investors have become concerned about a derivative of crypto-ether being locked in until the Ethereum network moves to a less power-hungry model.

Source: Wall Street Journal June 18, 2022 20:20 UTC