2022 BTC price lows a reset as Bitcoin continues its bearish streak.
Bitcoin saw some support around the 2022 lows, so far avoiding a deeper retest of levels not seen since last year.
"We’ve seen renewed selling in bitcoin and the wider digital token market as the prospect of increasing interest rates and a deteriorating economic environment continues to weigh on risk assets," analysts at major exchange Bitfinex meanwhile told Cointelegraph in private comments. "In Europe, equities are sharply lower, following the Nasdaq experiencing its sharpest one-day fall since June 2020. Investors exiting positions may be adding some momentum to the protracted sell off that we’ve witnessed over the past few days."Amid a hastening sell-off, altcoins thus began to lose significant value.BTC/USD 1-day candle chart . Source: TradingView
Ether traded belw $2,400 for the first time since Feb. 24, down 7% on the day in line with the majority of the top ten cryptocurrencies by market cap.
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