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karthikcrypto
Aug 21

Bitcoin drops below $22,000 as gloomy September looms

Panic returned to the financial markets this week with the US Dollar index DXY crossing 108. This ended a brief recovery rally across markets post the release of favourable US CPI data in early August. Bitcoin (BTC) has dropped by more than 13% this week and has failed to hold support at $22,000 after successfully breaching $25,000 in the interim. Ethereum (ETH) has dropped 18% weekly and is now trading near $1,600. Total crypto market cap is now hovering near $1 trillion.
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karthikcrypto

Written by
mattapartikarthik

#cryptoholic

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