Bitcoin price fell again to the level of US $ 20,000, following the collapse of the stock index after the Fed raised interest rates 75 basis points.
Citing CoinMarketCap data on Friday (17/6) at 13.30 WIB, the price of Bitcoin is at US $ 20,665.25 or down 5.95% in the last 24 hours and fell 31.37% during the week.
“Investors and traders should be prepared that the (Thursday) rebound could stall quickly,” FxPro Senior Analyst Alex Kuptsikevich told CoinDesk.
He said investors and traders should be prepared because "cryptocurrencies and risk assets in financial markets are unlikely to be relied on to bounce back until there are signs the economy has stopped slowing".
The price of Bitcoin and other cryptocurrencies, which have been correlated with stock exchanges in recent months, is once again tracking a major equity index.
The Dow Jones Industrial Average, apart from the blue chip pool, fell below 30,000 for the first time in 18 months, after closing down 2.4% Thursday.
The S&P 500, which entered bear market territory earlier this week, slumped 3.3%, meaning it has fallen at least 20% from its previous high. Meanwhile, the tech-heavy Nasdaq plunged 4.1%.
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