Bitcoin price has fallen below the support level of the $20 000
Bitcoin has dropped by 1% in the past 24 hours, passing the mark in the past 24 hours and moving from hand to hand with a price of $19,957. At the same time, according to CoinMarketCap, ether dropped by 0.1% to $1351.
It is worth mentioning that BNB showed the biggest loss, losing 2.5% to $286. The reason for this was the fact that Binance Smart Chain, where the BNB token is located, was suspended. So, its developers discovered a potential vulnerability.
Solana dropped by 2.1% to $33.36 and Dogecoin lost 2% to $0.063, meanwhile the weekly gain reached 4.5%. It was boosted by news that Elon Musk, a well-known supporter of the token, is in the final stages of buying Twitter. As for XRP, it was barely changed and was trading at $0.49.
On Thursday, U.S. stock indexes continued their earlier downward move. The Dow Jones Industrial Average dropped by 1. 2%, the S&P 500 was down 1% and the Nasdaq Composite – by 0.7%.
Investors are waiting for Friday’s nonfarm payrolls report. According to preliminary numbers, it will show that 275 000 jobs were created in September, compared to 315 000 in August. Despite the mark indicating that the economy is slowing, its value is not enough to convince the Fed to abandon its campaign to raise interest rates to fight inflation.
The head of the Minneapolis Fed, Neel Kashkari, recently pointed out at a banking conference in Minnesota that he sees no signs of peak inflation. U.S. inflation is now at 8.3%. However, the Fed plans to return it to the target range of 2%.