In mid-February, the main cryptocurrency exceeded $25,000, but since then there has been a pullback, as a result of which bitcoin returned to almost the same point from which the race began earlier this year.
Today, March 10, Bitcoin has fallen below $20,000, losing 8.3% in a day. In the morning, the rate was $19,800, and at the time of publication, the main cryptocurrency is trading for $19,880. It should be noted that for several months, bitcoin floated just in this range.
Against this background, the dollar index has already strengthened to 105.277, according to TradingView. There is an inverse relationship between this index and the bitcoin rate: when one rises, the second falls. Experts believe that Bitcoin could fall even lower if the support zone at $19,700 does not work.
Ethereum has fallen in price by 9.1% per day and by 11.2% over the last week: the rate is 1393 dollars.
If stock indices continue to fall in price, they will continue to collapse the cryptocurrency market.