Bitcoin’s Plunge Takes It Near $20,000. The Fed Has the Attention of the Crypto World.

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https://www.barrons.com/articles/bitcoin-crypto-federal-reserve-51655280416

Updated June 15, 2022 4:30 am ET / Original June 15, 2022 4:07 am ET

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The persistent slide in prices of Bitcoin and other cryptocurrencies continued on Wednesday as digital assets took another precipitous leg downward ahead of a key interest rates decision from the Federal Reserve.

Bitcoin has shed 10% over the past 24 hours to $20,300, having lost 30% since last Friday. The largest crypto is now flirting with the psychologically important $20,000 level, which it has not traded below since late 2020.

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