Bitcoin is trading near the psychologically important $20,000 mark on Monday after falling to an 18-month low on Saturday. According to CoinDesk, the Bitcoin exchange rate at 11:35 Moscow time is $20,444. On Saturday, it fell to $17,630, but on Sunday it bounced back above $20,000. Last week, during which the Federal Reserve System (Fed) raised the base rate by 75 basis points (bp) at once, turned out to be quite volatile for the cryptocurrency market, and experts believe that the current week will also be difficult, writes Market Watch. “We may be out of the bottom of the market if bitcoin can quickly rise above $20,000 and hold there on Tuesday-Wednesday,” said Winnie Langham, CEO of streaming platform Waitroom. become a tough resistance level.” The price of bitcoin has fallen by 57% since the beginning of the current year, and its fall from the November peak of $69,000 is about 70%. While some analysts see the beginning of a new “crypto winter” that will eventually end, others believe that the current downturn in the cryptocurrency market could mean the end of the industry as a whole. The ethereum exchange rate, which also fell sharply on Saturday, rose in price by 15% over the past 24 hours, to $1113.28. Source: FINMARKET.RU

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