On several of the days, it’s fallen into the $19,500 range but not below $19,511, its then-record peak from December 2017.
Bitcoin dropped as much as 0.8% to $19,591 on Sunday and was little changed as of 7:50 a.m. in New York. “The Fed is busy ‘burning’ money as well to restore the credibility of the US dollar,” a report sent Sunday from Gavekal Research said.Bitcoin has traded largely in the same direction as other risk assets like the Nasdaq 100 as the Fed boosts interest rates amid stubborn inflation.have depressed sentiment as well, and numerous crypto firms have declared bankruptcy or are struggling to survive.
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