Bitcoin Dives Under $ 20,000: Weekend of Fear // Crypto Driver’s License Webinar | news

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This information is intended exclusively for persons who have their residence or business in Germany.

Bitcoin can not stay above the psychological $ 20,000 mark over the weekend (as of June 18, 2022 at 5 p.m.). The uncertainty is still written all over the face of stockbrokers.

Highlights:

  • Bitcoin course: Investors dread the weekend
  • Bargain hunters remain absent – volatility may be pronounced over the weekend
  • The US Federal Reserve (Fed) does not cause the big surprises – uncertainty about future monetary policy is nonetheless.
  • Bitcoin: Concerns about Celsius Network hover like the sword of Damocles over Bitcoin and Co

Bitcoin price chart on a monthly basis (5 years)

Bitcoin price chart on a monthly basis (5 years)

Source: IG trading platform

Bitcoin exchange rates on a daily basis

Bitcoin exchange rates on a daily basis

Source: IG trading platform

Bitcoin course: Investors dread the weekend

On Friday, and thus just like at the beginning of the trading week, the mood in the crypto market remained cracked. Over 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 fall in prices. On a weekly basis, BTC loses about 20 percent of its value.

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

Many investors are currently trying to get the best possible selling price for their assets. That the offer hunters are still absent speaks for a new potential sales wave.

Volatility can be particularly pronounced on weekends. A significant shift below the psychological $ 20,000 mark involves the risk of new turbulence.

However, the recent price recovery in the crypto market may prove to be a classic glimpse into the pot.

The US Federal Reserve (Fed) does not cause the big surprises – uncertainty about future monetary policy is nonetheless.

Overall, the US Federal Reserve did not have the big surprises in store, but left markets generally in the dark. As expected, the interest rate level was raised by 75 basis points.

Investors remain in the dark about the actual pace of the rate hike cycle. Stock exchanges fear further XXL rate hikes in the style of 0.75 percentage points. Against this background, future developments in inflation are likely to attract particularly high attention.

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

Concerns about the Celsius Network continue to hover over Bitcoin and Co. like the Damocles sword. The cryptocurrency company had recently suspended transfers and transfers due to the recent price turbulence in the market.

Fears are growing that health concerns for the crypto company Celsius Network may not be 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.

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