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First Mover Asia: Traders See Bitcoin Falling to 2017 Levels Amid Ongoing Inflation, Economic Concerns; Cryptos Struggle

The largest digital asset by market cap could dip below $20,000 in the near future and is unlikely to rebound until macroeconomic conditions improve; bitcoin and ether are down in Tuesday trading.

Updated May 11, 2023, 5:25 p.m. Published Jun 15, 2022, 12:31 a.m.
The bear market in crypto continued, but better times don't seem so long ago.(Johnny Johnson/Getty Images)
The bear market in crypto continued, but better times don't seem so long ago.(Johnny Johnson/Getty Images)