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Bitcoin’s Struggle to Hold $20,000 Keeps Crypto Market on Edge

  • Some argue sub-$20,000 price raises odds of more liquidations
  • Gauge of expected Bitcoin volatility climbing toward 2022 high
Updated on

Bitcoin struggled to hold above the closely-watched $20,000 level, extending a period of marked volatility that saw huge weekend swings.

The largest cryptocurrency fell as much as 4.8% on Monday and was trading at $19,914 as of 7:32 a.m. in London. Ether at one point shed 7.8% but held above $1,000. Altcoins like Solana, Cardano and Dogecoin declined.