Bitcoin Slumps Below $20K as Long-Term Holders Face Massive Selling Pressure

Bitcoin Slumps Below $20K as Long-Term Holders Face Massive Selling Pressure

Bitcoin (BTC): $19,453 −5.5%

Ether (ETH): $1,042 −9.1%

S&P 500 daily close: 3,818.80 −0.9%

Gold: $1,724 per troy ounce −0.3%

Ten-year Treasury yield daily close: 2.96% −0.03

Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CoinDesk Bitcoin Price Index (XBX); Ether is the CoinDesk Ether Price Index (ETX); Gold is the COMEX spot price. Information about CoinDesk Indices can be found at coindesk.com/indices.

Originally Posted on: https://www.coindesk.com/markets/2022/07/12/market-wrap-bitcoin-slumps-below-20k-as-long-term-holders-face-massive-selling-pressure/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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