{"id":56302,"date":"2022-01-21T09:38:06","date_gmt":"2022-01-21T07:38:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56302"},"modified":"2025-09-04T05:45:23","modified_gmt":"2025-09-04T02:45:23","slug":"bitcoin-slips-below-39000-ethereum-below-3000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-slips-below-39000-ethereum-below-3000\/","title":{"rendered":"Bitcoin slips below $39,000; Ethereum below $3,000"},"content":{"rendered":"

On Friday, January 21, Bitcoin prices slipped below $38,300. The decline over the last 24 hours exceeded 7%, according to CoinGecko<\/a>.<\/p>\n

\"Bitcoin
Hourly BTC\/USD chart on Bitstamp. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Ethereum price also continued to fall \u2014 at the time of writing, the second-largest cryptocurrency by market cap is trading below $2,770.<\/p>\n

\"Bitcoin
Hourly ETH\/USD chart on Bitstamp. Data: TradingView<\/a>.<\/figcaption><\/figure>\n<\/div>\n

Bitcoin is trading near $38,850 at press time.<\/p>\n

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

Over the last 30 days the price of digital gold has fallen by 20%. In January the gauge has already around the $40,000 mark<\/a>. The drop from the November high of $69,000<\/a> was 43%.<\/p>\n

Ethereum price has fallen by almost 9%. At the time of writing, the asset was trading near $2,850<\/a>.<\/p>\n

\\\"Bitcoin
Hourly ETH\/USDT chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Leaders pulled the rest of the market \u2014 all top-10 by market cap were in the red. The biggest declines were Binance Coin (-10%), Cardano (-9.7%), and Polkadot (-9.5%).<\/p>\n

The total cryptocurrency market capitalization fell 7%, to $1.94 trillion.<\/p>\n

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

According to Coinglass<\/a>, over the last 24 hours liquidation volume on the futures market exceeded $716 million. More than 50% of this figure goes to cryptocurrency exchanges Binance and OKX (former OKEx<\/a>). On the first, positions worth $203.76 million were liquidated; on the second \u2014 $203.40 million.<\/p>\n

The Fear and Greed Index fell to 19, signaling bearish sentiment dominates the market.<\/p>\n

Analyst Micha\u00ebl van de Poppe noted that the bulls failed to defend the $42,400\u2013$42,700 support, triggering a break of the local trend. He said that further price declines should be expected.<\/p>\n

\n

$42.4-42.7K couldn\u2019t continue to hold for #Bitcoin<\/a>, so a nuke towards the other side of the region and, most likely, continuation towards even further downwards momentum and lower lows -> happened.<\/p>\n

Described here:https:\/\/t.co\/k8HrqajQGV<\/a> pic.twitter.com\/qkqZrEBGhN<\/a><\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) January 21, 2022<\/a><\/p><\/blockquote>\n