Bitcoin price retreats again, breaking below the trend line

17.08.2022

BTC continues to return to the mean and falls below $24,000.

Bitcoin (BTC) fell 1 percent Tuesday, marking the second consecutive day of declines for the largest cryptocurrency by market capitalization. Bitcoin’s fall, discussed in Tuesday’s First Mover: America, began during overnight trading.

The price of Ether (ETH) fell 1.1%, reversing the gains made overnight. The price of the second-largest cryptocurrency by market capitalization fell below the $1,900 mark after being above that threshold for most of last week.