Bitcoin Clings Onto $20,000 Following a rather gloomy month, Bitcoin (BTC-USD) is trending within a few dollars of $20,000. As the last month of the third quarter commences, the value of the leading crypto token has dropped by 1.30% within the past 24 hours, taking Bitcoin’s 7-day loss close to 8.10%. In the past 30 days, Bitcoin has lost nearly 13.00% of its value, primarily due to the uncertainty surrounding the Federal Reserve’s efforts to “tame inflation.” The medium-term downtrend resumed after Federal Reserve Chairman Jerome Powell delivered a hawkish message indicating that “interest rates might stay at a level that restrains growth.” The U.S.
