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Home NEWS Bitcoin falls to a monthly low with the risk of further decline
NEWS

Bitcoin falls to a monthly low with the risk of further decline

Crypto Expert December 20, 2022 0 Comments

Bitcoin fell to its lowest level in three weeks amid continued decline in stocks, according to Bloomberg.

“On Tuesday, the largest cryptocurrency fell 1.9% to $16,277, its lowest level since Nov. 29. The second largest Ether fell 2.1% to its lowest level since November 28. These moves come as the S&P 500 declined for the fourth consecutive session due to market nervousness over a potential Fed rate hike route.

As a result, Bitcoin could reach a lower low, which would increase the risk for long-term support in the $13,900 region, according to Kathy Stockton, founder of Fairlead Strategies LLC, cited by Bloomberg.

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