Bitcoin (BTC) achieved a bear market first on June 18 as BTC price action gave up $20,000 support.
BTC price crosses under 2017 all-time high
As nerves heightened after the United States Federal Reserve’s comments on the inflation outlook, crypto markets bore the brunt of a sell-off, which began after shock Consumer Price Index (CPI) figures last week.
Losing the psychologically significant $20,000 mark, Bitcoin also achieved a lifetime first — dropping below its previous halving cycle’s high for the first time in its history.
There’s a first time for everything https://t.co/1qLdb67aHR
— cevo (@cryptocevo) June 18, 2022