Bitcoin bulls have a fight on their hands to keep the world’s largest cryptocurrency above the US$20,000 support line. So far so good, but having dipped a further 0.8% to US$20,300 in the past 24 hours, nothing is a given.
Bitcoin is facing headwinds in the form of another jumbo rate hike from the US Federal Reserve, which is likely to negatively impact risk-on assets such as bitcoin and Ethereum.
Ether dipped over 1.5% in the past day, but has managed to stay above the critical US$1,500 support line.