In the last seven days Bitcoin has shed approximately 25% of value, if it fails to hold onto current support at roughly $29,000, Bitcoin could be in for an even worse week ahead.
Today Bitcoin declined to its lowest level in 2022, hitting a low of $30,330 on Bitstamp. It wasn’t just the crypto space that had a crash today nearly every single market except the U.S. dollar was deep in the red today as investors seem to finally have taken inflation levels at 40-year highs seriously.
Today Bitcoin traded to a lower low than yesterday reaching $35,250 before forming a slight recovery. Currently as of 4:20 PM EDT, Bitcoin is trading at $35,880 a decline of 1.8% on the day in the spot markets.
