Bitcoin Stuck at $20,000 After dropping to $18,700 last week, Bitcoin (BTC-USD) gained roughly 4.40% over the past seven sessions. The flagship cryptocurrency is currently facing significant resistance, trading just a few dollars above the $20,000 mark after rising to just shy of $23,000. Despite an impressive comeback at the beginning of the week, BTC’s value started dropping after the U.S. Bureau of Labor Statistics revealed annualized inflation of 8.30% through August. While this rate came in merely 0.20% above estimates, BTC reacted with a rapid reversal lower. In the meantime, BTC is treading water above the critical $20,000 psychological level.
Why Story (IP) Is Up Today?
