More than $150 billion has been wiped off from crypto markets amidst recent events.
Amidst all the panic and noise in the crypto markets, Bitcoin managed to sail through yet another day with only mild volatility. However, long-term investors still remain invested in their holdings. While the crypto community is abuzz with opinions both negative and positive, such instances of a bear market aren’t exactly new. With crypto being dismissed in every crash it has witnessed, it has still managed to bounce back every time.
Next month, authorities of the United States are supposed to hold a hearing with all stakeholders of the recent crypto exchange which went bankrupt. The session is expected to offer new insights into what exactly went wrong and the steps required to prevent such incidents in the crypto markets in the future.
BTC/USD price chart in 2022
Bitcoin is currently trading at around $16,700 on November 18, 2022, with BTC/USD up by 0.54% in the last 24 hours. BTC/USD is trading below its 20-day EMA (18,839.51), with other altcoins witnessing mixed movements in the last 24 hours. The $16,200 around levels are still in play as BTC’s immediate support.