IITMIND: EdTech, Finance and Crypto currencies


Bitcoin has broken below $20,000 for the first time since December 2020 as the market crash continues.

Bitcoin and Ethereum keep falling as the crypto crash continues. 
The top cryptocurrency have broken below $20,000 for the first time since Dec 2020, Currently trading as low as $19,200 on Binance.

Bitcoin was above $20,000 in the whole 2021 bull run, reaching an all-time high of $69,000 in Nov 2021. As of now, it is over 70% down from its all-time high. Bitcoin has broken its' previous trend by falling below its previous cycle’s high.

Recently, the global stock market also crashed due to the Federal Reserve's announcement of hiking interest rates by 75 basis points or 0.75% point, the biggest increase since 1994, throughout this year to control the inflation.

Institutions and economists are forecasting a global recession, which could potentially cause further problems for investors. As of now, at the time of writing this article, Bitcoin is trading at $19,175 and Ethereum at $995 on CoinMarketCap.

>> Disclaimer Risk warning:- Cryptocurrency Investment is subject to high market risk. The information on our website is for educational purposes only. Please do your own research before investing anywhere, we will not be responsible for your investment losses. 

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