BTC Plunges Below $20k as Volatility Surges; FTX Cancels Celsius Deal
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Volatility has returned to the broader crypto market amid rampant liquidity woes and dampened market sentiments. BTC retreated to $18.6k late Thursday before staging a strong comeback in the early hours of Friday (Asian trading hours). As of the time of writing, the largest cryptocurrency by market cap is consolidating losses above the $19k support after posting a marginal gain in the last 24 hours. Despite demonstrating much resilience during the latest plunge, BTC is still struggling with major resistance near the $20k to $20.5k zone, where bears remain highly active.