BTC Falls Below $20k as Sentiment Dampens; Ronin Bridge Is Back Online
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On Wednesday, the broader crypto market saw further corrections alongside U.S. stocks as consumer confidence fell to the lowest levels in more than a year, and the expectations index plummeted to the worst levels since 2012. As of the time of writing, BTC is trading perilously close to the $20k psychological support level after shedding 3.3% of its value in the last 24 hours. The largest cryptocurrency by market cap struggles to see further upside momentum as bears remain active in the major overhead resistance near the $20.5k to $20.8k zone. Should the bears prevail, BTC would likely move further south to test support near the $18.8k level, before potentially reaching a new monthly low.