Bitcoin Drops Below $20,000: Weekend of Fear // Crypto Driver’s License Webinar

Source: IG trading platform

Source: IG trading platform

Bitcoin course: Investors fear the weekend

On Friday, and thus like at the beginning of the trading week, the mood on the crypto market remained cracked. At the weekend, Bitcoin can no longer hold the psychological mark of $20,000. The uncertainty is still written all over the face of stockbrokers. Values ​​from the back rows are also increasingly marked by the recent price slump. On a weekly basis, BTC loses around 20 percent of its value.

Bargain hunters remain absent – volatility could be pronounced over the weekend

Many investors are currently trying to get the best possible selling price for their belongings. The fact that bargain hunters are still absent speaks for a new potential sales wave.

Volatility can be particularly pronounced over the weekend. A significant slide below the psychological $20,000 mark implies the risk of new turbulence.

However, the recent price recovery on the crypto market could turn out to be a classic flash in the pan.

The US Federal Reserve (Fed) is not causing any major surprises – uncertainty about future monetary policy nevertheless remains

Overall, the US Federal Reserve did not have any major surprises in store, but left the markets in the dark overall. As expected, the interest rate level was revised upwards by 75 basis points.

Investors remain in the dark about the actual pace of the rate hike cycle. The stock exchanges fear further XXL rate hikes in the style of 0.75 percentage points. Against this background, the future development of inflation is likely to attract a particularly high level of attention.

Bitcoin: Concerns about Celsius Network hover like the sword of Damocles over Bitcoin and Co

Concerns about Celsius Network continue to hover over Bitcoin and Co. like the sword of Damocles. The crypto credit company had recently suspended transfers and transfers as a result of the recent price turbulence on the market.

There are growing fears that concerns surrounding the health of crypto firm Celsius Network may not spell the end of the road. It should become clear in the coming days and weeks whether other companies have been infected. The risk of infection remains threatening.

This Post on bitcoin price originally appeared on ig.com.