Uncertain BTC price action continues as Ethereum trends downward despite the successful Merge.
Bitcoin (BTC) spent a second day threatening $20,000 support on Sept. 15 as markets processed the Ethereum Merge.
BTC stuck between price magnets'
Data from Markets showed BTC/USD spiking below $20,000 again overnight to recover marginally above the boundary for a brief period.
The largest cryptocurrency broadly failed to regain lost ground after surprise United States inflation data on Sep. 13 sent risk assets into a tailspin.
Down 13.5% versus the week’s top at the time of writing, Bitcoin offered little inspiration to traders who were still eyeing further losses.
The S&P 500 and Nasdaq Composite Index were modestly up at the start of trading, like crypto still to recover from losses earlier in the week.
ETH price plummets to three-week lows
Altcoin markets meanwhile were led by the story-that-wasn’t on Ethereum, which failed to react positively to the Merge.
Despite the headlines, ETH/USD was down 8% on the day, circling $1,470 amid significant volatility.
