{"id":58174,"date":"2022-02-21T14:43:55","date_gmt":"2022-02-21T12:43:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58174"},"modified":"2025-09-04T15:29:06","modified_gmt":"2025-09-04T12:29:06","slug":"bitcoin-price-falls-below-38000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-falls-below-38000\/","title":{"rendered":"Bitcoin price falls below $38,000"},"content":{"rendered":"

On 21 February 2022, Bitcoin prices fell below $38,000. In the last 24 hours the asset slipped 0.3%, according to CoinGecko<\/a>.<\/p>\n

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

As of writing, Bitcoin was trading near $37,600.<\/p>\n

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

The second-largest cryptocurrency by market cap resumed its decline. Ethereum was around $2,614, having briefly fallen to $2,605.<\/p>\n

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ETH\/USD hourly chart on Bitstamp. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Over the last 24 hours, futures liquidations totalling $215.17 million were recorded, according to Coinglass<\/a>.<\/p>\n

As of writing, only two assets among the top-10 by market cap, excluding the stablecoin USD Coin, were in the green: Solana (+0.4%) and Terra (+1.5%).<\/p>\n

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Data: CoinGecko.<\/figcaption><\/figure>\n

The decline in the crypto market comes amid an intensification of the geopolitical situation. Earlier, ExoAlpha partner David Lifshitz described the Russia-Ukraine tension as the main theme of the news<\/a>, causing weakness in global markets.<\/p>\n

Stock indices on the Moscow Exchange and RTS reacted negatively to the news agenda, losing 6-7%. In the United States, Monday, February 21, was a holiday in honor of Presidents’ Day. Accordingly, Nasdaq and the NYSE were closed.<\/p>\n

One trader pointed to a rebound for BTC \u201cfrom one of the Fibonacci levels.\u201d In his view, the cryptocurrency would break through it and \u201cmove lower.\u201d<\/p>\n

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$BTC<\/a> Currently bounced right off one of the Fib levels. Fibs are a great tool to use as BTC has been respecting the Fibonacci Retracement levels. I\u2019m sure we will break this level soon and go down lower. #Bitcoin<\/a> #BTC<\/a> #crypto<\/a> #cryptos<\/a> #cryptocurrencies<\/a> #alts<\/a> #altcoin<\/a> #altcoins<\/a> pic.twitter.com\/PfG4R0SZXn<\/a><\/p>\n

\u2014 Demetri Sky (@DemetriSky15) February 21, 2022<\/a><\/p><\/blockquote>\n