Bitcoin plunges to its lowest level since December 2020, as crypto sell-off intensifies.
/USD slipped to an intraday low of $26,350.49 earlier today, less than 24 hours after trading at a peak of $31,868.30.
Today’s bottom is the lowest level bitcoin has hit since December 2020, as markets went on to climb above $30,000 for the first time.This latest wave of crypto bears comes as LUNA dropped even further over the last day, with the price now below $0.10.also lost its parity with the dollar today, leading to even more volatility in crypto markets, with traders running to liquidate their positions.
Looking at the chart, the 14-day RSI is now at 23, which is still close to a five-month low. However, bears could still attempt to push this towards a floor of 19.also fell during today’s slump, as bearish pressure pushed the world’s second-largest cryptocurrency below $2,000./USD sank to an intraday low of $1,748.30 on Thursday.
As a result of this sell-off, the price is now down 18% today, hitting a bottom not seen since March last year.
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