Daily Crypto Market Update - 22.02.2023
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Daily Crypto Market Update - 22.02.2023
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The crypto market sold off yesterday and the global crypto market cap decreased by 2.78% to $1.10 Trillion. Major cryptocurrencies couldn't breakout psychological resistance levels and declined lower. Traditional markets witnessed a risk off move yesterday.
Bitcoin tried to breakout $25,000 level multiple times yesterday making highs of $25,288 before declining to lows of $24,153 and later consolidated losses to close the day at $24,454. The cryptocurrency slid below $24,000 during the early Asian hours and was trading higher at $24,120 at the time of writing.
Immediate support for the cryptocurrency is at $23,500 while, on the upside resistance is at $25,500.
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