Bitcoin price traded slightly higher, altcoins spent much of the day in positive territory

Bitcoin price tip-toed around $20,000 in its weeks-long minuet with the psychologically important threshold. At the time of writing, BTC is changing hands at $20,036.


BTC/USD 4-hour chart | Source: TradingView

Bitcoin price fell below $20K in its ongoing tango with the psychologically important threshold

The largest cryptocurrency by market capitalization was recently trading just above $20,000, down about 1.7% during the past 24 hours as investors returned to more of the macroeconomic wariness that has shaped their attitudes for most of the past year. After a surprising spike in weekly jobless claims, BTC spent part of the day below this level. For one of the few occasions in the past few months, a poor economic indicator discouraged markets instead of spurring them higher.

Ether was recently changing hands over $1,350, slightly down from the previous day. Other major altcoins were mixed, although tilted slightly more red than green.

By early Friday (UTC), Binance Smart Chain’s native BNB token tumbled about 4% after the blockchain with ties to the world’s largest crypto exchange suffered what it called a “potential exploit” that on-chain evidence suggests could be in the range of $500 million. In a tweet late Thursday, Binance founder Changpeng Zhao wrote that the breach on “a cross-chain bridge, BSC Token Hub,” had “resulted in extra BNB and that the company had “asked all validators to temporarily suspend BSC.”

Embattled crypto lender Celsius’ CEL token was recently off about 18% after CoinDesk reported earlier that former top executives, including founder Alex Mashinsky, cashed out $17 million before filing for Chapter 11 bankruptcy protection. SUSHI was among the biggest gainers, rising more than 3% at one point a day after the announcement that asset management giant GoldenTree had invested about $5.2 million in Defi protocol SushiSwap’s governance token.

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