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Bitcoin Plunges Below $20,000 Mark as Crypto Freefall Continues

by Daily Wire
June 18, 2022
in Finance
Bitcoin Plunges Below $20,000 Mark As Crypto Freefall Continues

Dan Kitwood/Getty Images Cryptocurrency continued its freefall, as Bitcoin fell below $20,000 Saturday and smaller tokens also shed value.

The value of Bitcoin dropped 9% in a 24-hour period to $19,217.81, according to Coin Metrics data. It was the lowest level for the benchmark cryptocurrency in one and a half years.

“Objectively, looking at the chart, there really is no viable support left,” Europac.com Chief Economist Peter Schiff tweeted . Most likely, Bitcoin will find short-term support along the long-term trend line around $6K.” LATEST: Bitcoin falls below $20,000 for the first time since December 2020 ⬇️ https://t.co/q7cTL3ekXT pic.twitter.com/mdbygMAMoY — Bloomberg […]

Read the rest of this story here: www.dailywire.com

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