Bitcoin prices fell nearly 1% and traded around the $21,000 level after a turbulent week saw the world’s largest cryptocurrency plunge below the $20,000 level for the first time since 2020. The digital token is down over 52% so far this year, and trading over 70% below its record high of $69,000 it had hit in November 2021.

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The Crypto market was trading with mixed cues on Monday amid soft volumes. Over the past nine months, crypto assets have become increasingly correlated with macroeconomic trends. Investor sentiment was slightly boosted by faint signs that the global economy was cooling and the Federal Reserve might be able to tone down its monetary hawkishness later in the year.

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The global cryptocurrency market cap was at $959.87 billion, down 0.51% in the last 24 hours. However, the total cryptocurrency 24 hours trading volume is $52.89 billion.

Bitcoin fear and greed index on Monday, June 27, 2022, went from the extreme fear level of 14 to the level of 12 as per the alternative. Me. The Fear and Greed index is a technique for assessing investors’ emotions toward the market.

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Bitcoin is currently trading at $21,346.53, down by 0.27%. In the last 24 hours, the highest it touched was $21,783.72 and the lowest was $20,965.11. Bitcoin has a current market cap of $408,227,468,934. It has a circulating supply of 19,078,293.00. BTC coins have a maximum supply of 21,000,000 coins.   

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FTX in talks to buy part of BlockFi says Report

Cryptocurrency exchange FTX is in talks to acquire a stake in beleaguered crypto lender BlockFi, reported the Wall Street Journal. The potential collaboration would quickly strengthen the financial relationship established when FTX extended a $250 million emergency line of credit to BlockFi earlier this week. According to the report, the discussion is underway and no final terms have been reached.