BTC to lose $21K despite miners’ capitulation exit? 5 things to know in Bitcoin this week

22 Aug 2022

BTC to lose $21K despite miners’ capitulation exit? 5 things to know in Bitcoin this week

BTC to lose $21K despite miners’ capitulation exit? 5 things to know in Bitcoin this weekBitcoin (BTC) starts a new week fresh from a new multi-week low amid a return of highly nervous sentiment.After dipping below $21,000 over the weekend, the largest cryptocurrency is consolidating around 10% lower than a week ago, and the fear across crypto markets is clearly visible.Fed funds rate chart (screenshot). Source: Federal ReserveBTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC/USD 1-week candle chart (Bitstamp). Source: TradingViewBitcoin hash ribbons chart. Source: LookIntoBitcoinBitcoin exchange reserve chart. Source: CryptoQuantBitcoin exchange balance chart. Source: Glassnode/ Twitter (NYSE:TWTR)Crypto Fear & Greed Index (screenshot). Source: Alternative.me

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