Bitcoin finds relief from a past record high in 2017

Bitcoin may be finding some support at the 2017 peak of $19 511 that, at the time, was a record high for the largest cryptocurrency. The token has wavered since mid-August, dropping below the closely-watched $20 000 level, but has averted a drop below the 2017 high over the period. Traders are watching technical levels to see if Bitcoin has found a floor after a 57% plunge in 2022.

© 2022 Bloomberg