After rising to the $23k level and peaking at $24.6k last week, Bitcoin’s price has been testing support as the global cryptocurrency market continued to trade sideways. With the Solana news breaking yesterday, Bitcoin’s price slid to the $22.8k level again, erasing last week’s gains. Understandably, Bitcoin is seeing bearish momentum, as the Solana hack is one of the most significant DeFi blunders of the year. Key Points: Bitcoin’s price slides down to the $22.8k support level and continues to trade sideways with declining volume. Solana Network attack seems to be wallet-related, mitigating most of the market panic as SOL’s
The post Bitcoin Price Tests Support at $22.8K, Crypto Market at a Standstill appeared first on The Merkle News.
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