Bitcoin struggled to hold
above the closely-watched $20 000 level, extending a period of marked volatility that saw huge weekend swings.
The largest cryptocurrency
fell as much as 4.8% to $19 618 on Monday in Asia and was trading at $20,036 as of 12:30 p.m. in Tokyo.
Ether at one point shed
7.8% but held above $1 000. Solana, Cardano and Dogecoin were in the red.
Bitcoin sank almost
15% on Saturday but then vaulted back above $20 000 with a 16% surge on Sunday.
The pattern of swings suggest
investor sentiment remains highly fragile as the Federal Reserve goes full-throttle to fight inflation with interest-rate hikes that drain liquidity from markets.
Some crypto executives
argue that Bitcoin below $20 000 could lead to more liquidations of leveraged positions.
Scientists Discover
The Real Root-Cause Of Your Belly Fat
Are you struggling to lose weight no matter how much you diet or exercise? Turns out, it's not your fault.
(Hint Not Diet or Exercise)
Try The Tropical Secrel For Weight Loss