{"id":52950,"date":"2021-11-16T13:29:32","date_gmt":"2021-11-16T11:29:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52950"},"modified":"2025-09-03T12:40:28","modified_gmt":"2025-09-03T09:40:28","slug":"bitcoin-price-slips-below-59000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-slips-below-59000\/","title":{"rendered":"Bitcoin price slips below $59,000"},"content":{"rendered":"

Bitcoin’s price corrected to below $59,000, marking a 10% drop over 24 hours.<\/p>\n

<\/p>\n

The chart below shows a sharp correction amid a spike in trading volumes. At the time of writing, Bitcoin was trading around $58,800.<\/p>\n

\"Bitcoin
Four-hour BTC\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

The sharp drop in the price of digital gold has affected the broader market. Here is how the top ten by market capitalization look:<\/p>\n

\"Bitcoin
Data: CoinGecko<\/a>.<\/figcaption><\/figure>\n

The total market capitalization stands at $2.72 trillion, Bitcoin’s market cap at $1.12 trillion, with a dominance index of 41.3% (data CoinGecko).<\/p>\n

Earlier, SkyBridge Capital founder Anthony Stated<\/a>, that Bitcoin would easily reach the $500,000 price level.<\/p>\n

Subscribe to ForkLog news on Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin’s price corrected to below $59,000. The 24-hour drop stood at 10%.<\/p>\n","protected":false},"author":1,"featured_media":52951,"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-52950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52950","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=52950"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52950\/revisions"}],"predecessor-version":[{"id":52952,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52950\/revisions\/52952"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/52951"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=52950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=52950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=52950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}