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.

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