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Bitcoin tops psychological $20,000 level in ‘bearish rally’ as U.S. dollar falls

by Editor September 9, 2022, 12:37 pm 1.6k Views

Bitcoin tops $25,000 for the first time since June before slipping

Bitcoin prices have been under pressure in 2022 after the collapse of algorithmic stablecoin terraUSD and subsequent bankruptcy filings from lender Celsius and hedge fund Three Arrows Capital.

Nicolas Economou | Nurphoto | Getty Images

Bitcoin surged 8% on Friday breaking back above the $20,000 mark as the U.S. dollar weakened and stocks jumped.

The world’s largest cryptocurrency was trading at $20,966.57 at around 8:04 a.m. ET, after falling to…

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