How Low Will Bitcoin Go and Which 5 Cryptos Should You Buy to Control Risk in Your Portfolio
Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin, the largest cryptocurrency in the world, has shown signs of stabilization in recent weeks, but following Federal Reserve Chair Jerome Powell’s keynote presentation, it dropped again below $20,000 before experiencing a marginal bounce. But the threat of punching below $20k still remains. Bitcoin originally exhibited no reaction to Powell’s speech, but then nosedived dramatically, and on Sunday, it was hanging around $19,975 per digital coin, which is more than a 60 percent reduction from its value last November, when it hit a record-high of $68,000. After dropping below $20,000 in June, the price of bitcoin has since stabilized at $23,000 to $24,000. There has been some optimism that the embryonic cryptocurrency market may have bottomed out because Ethereum and other major digital currencies have seen price increases in the previous two months. However, this upbeat outlook may be unreal...