{"id":55635,"date":"2022-01-10T17:30:41","date_gmt":"2022-01-10T15:30:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55635"},"modified":"2025-09-04T02:33:28","modified_gmt":"2025-09-03T23:33:28","slug":"bitcoin-price-falls-below-40000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-falls-below-40000\/","title":{"rendered":"Bitcoin price falls below $40,000"},"content":{"rendered":"<p>On Monday, January 10, the price of the first cryptocurrency fell below $40,000. The drop over the last 24 hours was 4%, according to <a href=\\\"https:\/\/www.coingecko.com\/ru\\\">CoinGecko<\/a>.<\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">10 January 2022 | 18:53<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>The price of the first cryptocurrency is again above $40,000.<\/p>\n<p><script async=\\\"\\\" src=\\\"https:\/\/telegram.org\/js\/telegram-widget.js?15\\\" data-telegram-post=\\\"forklog\/23428\\\" data-width=\\\"100%\\\"><\/script><\/p>\n<\/div>\n<p><meta charset=\\\"utf-8\\\">At the time of writing, bitcoin was trading around $39,900. Its market capitalisation stands at $754.9 billion.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"580\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-01-10_17-26-18-1024x580.png\\\" alt=\\\"Bitcoin price fell below $40,000\\\" class=\\\"wp-image-161169\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-01-10_17-26-18-1024x580.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-01-10_17-26-18-300x170.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-01-10_17-26-18-768x435.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-01-10_17-26-18.png 1086w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption><meta charset=\\\"utf-8\\\">BTC\/USD chart on Bitstamp. Data: <a href=\\\"https:\/\/ru.tradingview.com\/symbols\/BTCUSD\/\\\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>For the first ten days of 2022, BTC price fell by more than 15%, and the drop from its peak of $69,000 exceeds 40%.<\/p>\n<p>The Ethereum price fell to $2,930. At the time of writing the asset is around $3,000.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"580\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2022-01-10_17-47-41-1024x580.png\\\" alt=\\\"ETH\/USD chart on Bitstamp\\\" class=\\\"wp-image-161184\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2022-01-10_17-47-41-1024x580.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2022-01-10_17-47-41-300x170.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2022-01-10_17-47-41-768x435.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2022-01-10_17-47-41.png 1086w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption><meta charset=\\\"utf-8\\\">ETH\/USD chart on Bitstamp. Data: <a href=\\\"https:\/\/ru.tradingview.com\/symbols\/ETHUSD\/\\\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Other top-10 cryptocurrencies by market capitalisation also moved into the red, with the exception of the stablecoin USDC.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"543\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-10-v-17.51.25-1024x543.png\\\" alt=\\\"Bitcoin price fell below $40,000\\\" class=\\\"wp-image-161189\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-10-v-17.51.25-1024x543.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-10-v-17.51.25-300x159.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-10-v-17.51.25-768x408.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-01-10-v-17.51.25.png 1138w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p><meta charset=\\\"utf-8\\\">Cumulative liquidations on the futures market over the last 24 hours <a href=\\\"https:\/\/www.coinglass.com\/LiquidationData\\\">exceeded<\/a> $307 million.<\/p>\n<p>The plunge came amid another internet outage in Kazakhstan after partial restoration of access.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">\u26a0\ufe0f Update: <a href=\\\"https:\/\/twitter.com\/hashtag\/Kazakhstan?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Kazakhstan<\/a> is again in the midst of a near-total internet blackout following a partial restoration of service earlier today.<\/p>\n<p>The information vacuum continues to limit human rights monitoring and coverage of incidents on the ground.<\/p>\n<p>\ud83d\udcf0 Report: <a href=\\\"https:\/\/t.co\/Op5GwzXKbh\\\">https:\/\/t.co\/Op5GwzXKbh<\/a> <a href=\\\"https:\/\/t.co\/UQI3sVox1D\\\">pic.twitter.com\/UQI3sVox1D<\/a><\/p>\n<p>\u2014 NetBlocks (@netblocks) <a href=\\\"https:\/\/twitter.com\/netblocks\/status\/1480542956255956994?ref_src=twsrc%5Etfw\\\">January 10, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>On January 10, Alan Dordzhiev, head of the National Association of Blockchain and Data Center Industry in Kazakhstan, told ForkLog that virtually all local licensed mining data centres had begun resuming operations.<\/p>\n<p>Earlier economist Alex Kr\u00fcger <a href=\"https:\/\/u1f987.com\/en\/news\/economist-predicts-bitcoin-could-fall-below-40000-amid-high-inflation\">predicted<\/a> that BTC could fall below $40,000 in a high-inflation environment. Update <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-slips-below-43000-as-fed-minutes-are-released\">of the local low on January 6<\/a> occurred amid news of the Fed readying to raise the federal funds rate earlier and faster than expected.<\/p>\n<p>Kr\u00fcger reminded of Jerome Powell&#8217;s January 11 testimony on his nomination for a second term as head of the Federal Reserve. <\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Given the circumstances, have to believe that tomorrow a minimally well behaved Powell will make stocks put on a nice relief rally. If he doesn\u2019t, then you\u2019ll all get another chance to relive this morning and buy the crypto dip again.<\/p>\n<p>\u2014 Alex Kr\u00fcger (@krugermacro) <a href=\\\"https:\/\/twitter.com\/krugermacro\/status\/1480557248317313032?ref_src=twsrc%5Etfw\\\">January 10, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u00abGiven the circumstances, one has to believe that tomorrow a minimally well behaved Powell will push stocks to a nice rally. If he doesn&#8217;t, you&#8217;ll have another chance to relive this morning and buy crypto again,&#8221; the analyst wrote.<\/p>\n<\/blockquote>\n<p>In December, billionaire Louis Navellier <a href=\"https:\/\/u1f987.com\/en\/news\/investor-billionaire-louis-navellier-warns-bitcoin-could-fall-to-10000\">warned that bitcoin could fall to $10,000<\/a>. He said that on the chart of the first cryptocurrency, the signal of a double top is intensifying, which could occur as the Fed normalises monetary policy.<\/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 Monday, January 10, the price of bitcoin fell below $40,000. The drop over the last 24 hours was 4%, according to CoinGecko.<\/p>\n","protected":false},"author":1,"featured_media":55636,"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-55635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55635","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=55635"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55635\/revisions"}],"predecessor-version":[{"id":55637,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55635\/revisions\/55637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/55636"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=55635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=55635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=55635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}