What does the bitcoin price fall through $20K mean?

The price of bitcoin has fallen through $20,000, marking an important milestone in the ongoing collapse of cryptocurrency. It means the value of bitcoin is lower than it has been since 2020, and represents the point at which many analysts had expressed concerns that sentiment could continue to spiral.

What's happening with Bitcoin (BTC) 2023?

Bitcoin's (BTC) 2023 surge continues, with the crypto retaking $20,000 for the first time since the FTX collapse in early November. The largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in the mid-$16,000 area since mid-December.

What is the largest cryptocurrency by market capitalization?

CoinDesk reports: The largest cryptocurrency by market capitalization started the week near the $17,000 mark after hovering in the mid-$16,000 area since mid-December. Now at $20,250, bitcoin has gained more than 20% in the opening two weeks of this year.

What's going on with the crypto market in 2023?

The transformation of value in the digital age. Crypto markets across the board surged this week, with crypto-exposed stocks also benefitting from the advance. Bitcoin's ( BTC) 2023 surge continues, with the crypto now above $20,000 for the first time since the FTX collapse in early November.