Hard Times in Crypto Lead to Price and Macro Risk

Bitcoin (BTC) is flirting with price levels that would have been considered highs in December 2017. That was when bitcoin first touched up against $20,000, only to fall precipitously, then scratch and claw for three years to reach $20,000 again by December 2020. Bitcoin’s price has fallen out of the $30,000 range over the last week and it has come dangerously close to breaking down below $20,000.