Bitcoin targets $16.7K amid fear BNB may ‘drag whole crypto market down’

Bitcoin targets $16.7K amid fear BNB may ‘drag whole crypto market down’

Bitcoin (BTC) looked set to ditch $17,000 after the Dec. 16 Wall Street open as United States equities continued to fall.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Analyst: $240BNB “has nothing but air below it”

Data from Cointelegraph Markets Pro and TradingView tracked new intraday lows of $16,743 for BTC/USD on Bitstamp.

The pair had abruptly dived nearly 3% earlier in the day, compounding losses, which immediately followed one-month highs.

Ongoing concerns over largest…


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