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in Tech

Bitcoin sees slight rebound after nearly falling below $20,000, but it’s still at late 2020 levels

by Editor June 16, 2022, 11:15 am 1.9k Views

Bitcoin sees slight rebound after nearly falling below $20,000, but it's still at late 2020 levels

Bitcoin has been closely correlated with stock indexes, in particular the Nasdaq, which rose on Wednesday after the U.S. Federal Reserve hiked interest rates by 0.75 percentage point. That’s one reason why bitcoin rose slightly on Thursday.

STR | NurPhoto via Getty Images

Bitcoin rose on Thursday following a similar jump in U.S. stocks, but investors are still reeling from a dramatic plunge over the last few days that saw the world’s largest…

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