April 19, 2023

Bitcoin Falls on Interest-Rate Worries. But Bullish Signs Are Still Flashing Gains Ahead.

Bitcoin

and other cryptocurrencies slipped Wednesday, in step with the stock market as digital assets continued to be sensitive to macroeconomic forces. But bullish signals were still suggesting that cryptos are in a positive groove.

The price of Bitcoin has fallen 2% over the past 24 hours to $29,100, declining below the psychologically important $30,000 mark—which represents where prices stood last June, before the crypto selloff accelerated into a brutal bear market. The largest digital asset passed $30,000 last week, spiking to near $31,000 at points, but has struggled to consolidate gains or move higher amid some signs of profit-taking.

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