{"id":44766,"date":"2021-06-22T15:36:36","date_gmt":"2021-06-22T12:36:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44766"},"modified":"2025-08-31T18:34:36","modified_gmt":"2025-08-31T15:34:36","slug":"bitcoin-price-slips-below-30000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-slips-below-30000\/","title":{"rendered":"Bitcoin price slips below $30,000"},"content":{"rendered":"<p>On Tuesday, June 22, bitcoin traded below the $30,000 mark. In the last 24 hours the asset fell by 9%, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"471\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/btc-44-1024x471.png\" alt=\"Bitcoin price fell below $30,000\" class=\"wp-image-139825\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/btc-44-1024x471.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/btc-44-300x138.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/btc-44-768x353.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/btc-44-1536x706.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/btc-44.png 1828w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/chart\/00O1pBoT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, bitcoin was trading around $29,600. Ethereum price reached the $1,775 mark (\u22129.5% in 24 hours). BTC dominance stood at 45.4%, ETH at 16.9%.<\/p>\n<p>The Block analyst Larry Cermak noted that digital gold had lost about 51% of its value relative to its 2021 peak.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Down we go. Weeeee <a href=\"https:\/\/t.co\/Dbuuv6Spu8\">pic.twitter.com\/Dbuuv6Spu8<\/a><\/p>\n<p>\u2014 Larry Cermak (@lawmaster) <a href=\"https:\/\/twitter.com\/lawmaster\/status\/1407295624844808196?ref_src=twsrc%5Etfw\">June 22, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin fell below 30,000 U.S. dollars, but the one-hour liquidation was less than 200 million U.S. dollars, indicating that the demand for futures has been sluggish recently.<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1407315012633255937?ref_src=twsrc%5Etfw\">June 22, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analyst Micha\u00ebl van de Poppe believes that BTC could fall below $24,000 with a subsequent rebound to around $34,000 and higher.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Let\u2019s have that final crash to $24K and get over it <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>. <a href=\"https:\/\/t.co\/JWa8jAY8Bs\">pic.twitter.com\/JWa8jAY8Bs<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1407317632697704448?ref_src=twsrc%5Etfw\">June 22, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Twitter account Rekt Capital stressed that Bitcoin must stay above $29,000. Otherwise the price of the leading cryptocurrency would continue to fall.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">7. <\/p>\n<p>And the second crucial support is the ~$29000-$32000 area (black horizontal &#038; green box)<\/p>\n<p>If a Death Cross occurs and <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> loses these two crucial support areas shortly after\u2026<\/p>\n<p>Then the Death Cross would likely be validated and <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> would see further downside<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/50Gk7B7hsj\">pic.twitter.com\/50Gk7B7hsj<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1405864596146118657?ref_src=twsrc%5Etfw\">June 18, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier CryptoQuant chief Ki Young Ju pointed to a continued negative price trajectory for digital gold. This is evidenced by the whale capitulation index.<\/p>\n<p>Investment bank JPMorgan also <a href=\"https:\/\/u1f987.com\/en\/news\/jpmorgan-finds-confirmation-that-bitcoin-has-entered-a-bear-market\">detected a confirmation<\/a> of Bitcoin entering a bear market.<\/p>\n<p>Earlier, Glassnode analysts concluded that the metrics for active users, on-chain value transferred, and transaction fees across the Bitcoin and Ethereum networks had hit fresh lows after the May correction. In their view, this could be considered a bearish factor.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday, June 22, bitcoin fell below the $30,000 mark. In the last 24 hours the asset fell by 9%, according to CoinGecko.<\/p>\n","protected":false},"author":1,"featured_media":44767,"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-44766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44766","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=44766"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44766\/revisions"}],"predecessor-version":[{"id":44768,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44766\/revisions\/44768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44767"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}