- No Comments
Bitcoin price dropped below $ 19,000
On Wednesday, September 7, the quotes of the first cryptocurrency fell to $ 18,500 for the first time since mid -July. At the time of writing, the asset is traded near $ 18,790.
According to Coingecko, over the past day, bitcoin has fallen in price by 5.2%.
The second in capitalization of cryptocurrency was also in the red zone. The fall over the past 24 hours amounted to 8.6%, the current price is $ 1517.
According to Coinglass, during the day the liquidation in the futures market, it was positioned in the amount of $ 359.8 million. Of these, $ 124.4 million – Bitcoin contracts, $ 110.5 million – Ethereum.
The flagships traditionally pulled the market. The most noticeable losses in Cardano (-9.2%) and Polkadot (-8.7%).
Crypto -investor and blogger Lark Davis noted that for cryptocurrencies “it is time to reset again”.
I guess it is time for #crypto to go to zero again … yay ..
– Lark Davis (@thecryptolark) September 7, 2022
On August 26, Bitcoin negatively reacted to the performance of the head of the Fed, Jerome Powell, having failed $ 21,000. Then the official said that to control the inflation of the Central Bank, it would be necessary to hold interest rates at a high level for some time.
The next day, the first cryptocurrency tested the range near $ 19,900. Ethereum price fell below $ 1470.
Earlier, the head of the Genesis Trading unit, according to Derivatives of Joshua Lim, explained the weak dynamics of Bitcoin by the implementation of the idea of “tributary of the institutional”, ease of opening shorts and an increase in the popularity of paired trading with other cryptocurrencies.
Recall that Glassnode analysts allowed a drop in digital gold price to $ 17,000.
President of the Euro Pacific Capital Peter Schiff announced a more negative script by predicting the collapse of bitcoin to $ 10,000.
Read the FORKLOG Bitcoin News in our Telegram-cryptocurrency news, courses and analytics.