{"id":43910,"date":"2021-06-08T09:44:14","date_gmt":"2021-06-08T06:44:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43910"},"modified":"2025-08-31T14:32:25","modified_gmt":"2025-08-31T11:32:25","slug":"bitcoin-price-falls-below-33000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-falls-below-33000\/","title":{"rendered":"Bitcoin price falls below $33,000"},"content":{"rendered":"<p>Bitcoin fell below the $33,000 mark after a prolonged period of sideways movement. As a result, the rest of the market was also in the &#8216;red zone&#8217;.<\/p>\n<p><!--more--><\/p>\n<p>The chart below shows that the downside move was supported by rising trading volumes.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"500\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD-7-1024x500.png\\\" alt=\\\"Bitcoin price fell below $33,000\\\" class=\\\"wp-image-138171\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD-7-1024x500.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD-7-300x146.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD-7-768x375.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD-7-1536x750.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD-7.png 1841w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Four-hour BTC\/USDT chart on Binance from <a href=\\\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/\\\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Below is the top twenty by market capitalisation.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"506\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-11-1024x506.png\\\" alt=\\\"Bitcoin price fell below $33,000\\\" class=\\\"wp-image-138172\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-11-1024x506.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-11-300x148.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-11-768x380.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/CoinGecko-11.png 1274w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Data: <a href=\\\"https:\/\/www.coingecko.com\/en\/coins\/all\\\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Among the top 20, the steepest declines were shown by relatively new assets \u2014 Solana, Polygon, Polkadot. Bitcoin and Ethereum fell by 10.2% and 11%, respectively.<\/p>\n<p>The price of the second-largest cryptocurrency fell below $2,500. Against this backdrop, the average gas price declined to 11 Gwei.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"672\\\" height=\\\"388\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/ETH-36.png\\\" alt=\\\"Bitcoin price fell below $33,000\\\" class=\\\"wp-image-138177\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/ETH-36.png 672w, https:\/\/u1f987.com\/wp-content\/uploads\/ETH-36-300x173.png 300w\\\" sizes=\\\"auto, (max-width: 672px) 100vw, 672px\\\" \/><figcaption>Data: <a href=\\\"https:\/\/etherscan.io\/gastracker\\\" title=\\\"https:\/\/etherscan.io\/gastracker\\\">Etherscan<\/a>.<\/figcaption><\/figure>\n<p>Total market capitalisation stood at $1.53 trillion. Bitcoin&#8217;s dominance index was 39.8%.<\/p>\n<p>Liquidations in the last 24 hours totalled $1 billion, according to <a href=\\\"https:\/\/www.bybt.com\/LiquidationData\\\">Bybt<\/a>.<\/p>\n<p>The Fear &#038; Greed Index fell to 13, indicating panicked sentiment among investors.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"751\\\" height=\\\"329\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/fear-2.png\\\" alt=\\\"Bitcoin price fell below $33,000\\\" class=\\\"wp-image-138173\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/fear-2.png 751w, https:\/\/u1f987.com\/wp-content\/uploads\/fear-2-300x131.png 300w\\\" sizes=\\\"auto, (max-width: 751px) 100vw, 751px\\\" \/><figcaption>Data: alternative.me.<\/figcaption><\/figure>\n<p>According to analyst Micha\u00ebl van de Poppe, the $30,000 level would provide reliable support for Bitcoin. He suggested a price reversal from that level.<\/p>\n<figure class=\\\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\n<blockquote class=\\\"twitter-tweet\\\" data-width=\\\"500\\\" data-dnt=\\\"true\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Scenario 2 on <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a>.<\/p>\n<p>We break below $34K and then we&#8217;re going to tap into support for a bullish divergence and to tap the liquidity before reversing the markets.<\/p>\n<p>Many <a href=\\\"https:\/\/twitter.com\/hashtag\/altcoins?src=hash&#038;ref_src=twsrc%5Etfw\\\">#altcoins<\/a> show the same opportunity then. <a href=\\\"https:\/\/t.co\/4FibbU3MHZ\\\">pic.twitter.com\/4FibbU3MHZ<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\\\"https:\/\/twitter.com\/CryptoMichNL\/status\/1402011066431848454?ref_src=twsrc%5Etfw\\\">June 7, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\n<\/div>\n<\/figure>\n<p>Earlier, the number of Bitcoin transactions fell to levels seen in mid-August 2018, when the bear market was at its height.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin fell below $33,000 after a prolonged period of sideways movement.<\/p>\n","protected":false},"author":1,"featured_media":43911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-43910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=43910"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43910\/revisions"}],"predecessor-version":[{"id":43912,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43910\/revisions\/43912"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/43911"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}