Can Bitcoin Price Crash To Sub-$15K And Ethereum $1K?
Bitcoin price currently trades at $19.8K, after an 8% fall. The 24-hour low and high are $19,895 and $21,796, respectively. Meanwhile, Ethereum price also dropped 8% and is trading at $1,421 at press time. The ETH price made a 24-hour low of $1,415 amid massive liquidation. advertisement After U.S. Fed Chair Jerome Powell hawkish comments and Silvergate Bank debacle, fresh fears were sparked by macro factors, President Joe Biden imposing a 30% tax on electricity use for crypto mining, and New York AG suing KuCoin amid the “Operation Choke Point 2.0“. Crypto Market Liquidation. Source: Coinglass Possibilities of Bitcoin Price Falling to $15K and Ethereum to $1K Bitcoin and Ethereum price s fall to $15K and $1K is not outside the realm of possibility. Worsening macro amid rising inflation indicates a move near the numbers again despite jobless claims showing signs of a slowdown in the labor market. ...