Bitcoin and Ethereum are on the ropes, with bears gaining more confidence
Worth believes that both of these cryptocurrencies will likely fall lower.
The Wall Street veteran’s doom-laden warning comes after the price of Bitcoin dropped to an intraday low of $19,458 on the Bitstamp exchange.The largest cryptocurrency showed some signs of recovery earlier this September, but its modest rally was upended by higher-than-expected inflation data that was published on Tuesday. once again due to another downturn in the U.S. equities market. that the price of Bitcoin could end up dropping to $10,000 if it fails to hold the $17,600 support level.
Bitcoin's market capitalization currently stands at $376 billion. The cryptocurrency is down 71.48% from its record high that was logged last November.
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