Friday, 24 March, 2023

Bitcoin falls below $20,000 after Jackson Hole caution

<p>Concern over the Federal Reserve&#39;s rate-hike plan caused Bitcoin to drop below $20,000 as part of a larger decline in the cryptocurrency sector. At 22.30 IST on Sunday, the largest token was trading at 19,999. That follows a 7.6% decline over the previous two days, which coincided with the Friday stock market decline following Fed Chair Jerome Powell&#39;s remarks at the Jackson Hole conference.</p>