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Bitcoin price dips below $38K as crypto sentiment nears 'extreme fear'

Published 02/20/2022, 06:16 AM
Updated 02/20/2022, 09:20 AM
© Reuters
BTC/USD
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BTC/USD
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Bitcoin (BTC) saw its first dive below $38,000 in over two weeks on Feb. 20 as macro triggers rattled low-volume weekend markets.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing ground Sunday, following threats of fresh sanctions on Russia over its alleged plans to invade neighboring Ukraine.

Crypto Fear & Greed Index (screenshot). Source: Alternative.me

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