{"id":61148,"date":"2022-05-09T09:32:45","date_gmt":"2022-05-09T06:32:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61148"},"modified":"2025-09-05T10:27:21","modified_gmt":"2025-09-05T07:27:21","slug":"bitcoin-price-falls-below-32000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-falls-below-32000\/","title":{"rendered":"Bitcoin price falls below $32,000"},"content":{"rendered":"<p>On Monday, May 9, Bitcoin prices hit their lowest since the summer of 2021. The price of the leading cryptocurrency fell below $31,600.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-05-09-v-19.56.52-1024x640.png\" alt=\"Bitcoin price falls below $32,000\" class=\"wp-image-172575\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-05-09-v-19.56.52-1024x640.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-05-09-v-19.56.52-300x188.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-05-09-v-19.56.52-768x480.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-05-09-v-19.56.52-1536x960.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-05-09-v-19.56.52-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Hourly BTC\/USDT chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>, BTC fell 7.6% in the last 24 hours and 17.8% over the past week. Following the leader, all top-10 crypto assets by market cap were in the red.<\/p>\n<p>Ethereum is trading at around $2,329, down 7.9% in 24 hours. BTC dominance is 39.4%, ETH 18.2%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"478\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-05-09-v-19.59.57-1024x478.png\" alt=\"Bitcoin price falls below $32 000\" class=\"wp-image-172579\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-05-09-v-19.59.57-1024x478.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-05-09-v-19.59.57-300x140.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-05-09-v-19.59.57-768x359.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-05-09-v-19.59.57-1536x717.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-05-09-v-19.59.57-2048x956.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a>, daily futures liquidation volume exceeded $270 million.<\/p>\n<p>The market&#8217;s grim prospects pushed the Fear and Greed Index down to 11 points, &#8220;Extreme Fear&#8221;.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin Fear and Greed Index is 11 \u2014 Extreme Fear<br \/>Current price: $34,041 <a href=\"https:\/\/t.co\/PQK3x6YMok\">pic.twitter.com\/PQK3x6YMok<\/a><\/p>\n<p>\u2014 Bitcoin Fear and Greed Index (@BitcoinFear) <a href=\"https:\/\/twitter.com\/BitcoinFear\/status\/1523452724100370432?ref_src=twsrc%5Etfw\">May 9, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On May 8, Glassnode analyst Checkmate noted that &#8220;many are waiting for the Bitcoin capitulation wick.&#8221; The tweet reads as published.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Many of you are waiting for the <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> \u2018capitulation wick\u2019.<\/p>\n<p>If it happens, and it really is THE capitulation wick, the majority of folks won\u2019t step in a buy it because the fear will be too great.<\/p>\n<p>This is the way it always is, and always will be.<\/p>\n<p>Tip: have a plan, stick to it<\/p>\n<p>\u2014 _Checkmate \ud83d\udd11\u26a1\ud83e\uddac\ud83c\udf0b (@_Checkmatey_) <a href=\"https:\/\/twitter.com\/_Checkmatey_\/status\/1523335673872142338?ref_src=twsrc%5Etfw\">May 8, 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>&#8220;If that happens, and it really is capitulation, most people won\u2019t buy Bitcoin because the fear will be too great. This has always been the case and will always be.&#8221;<\/p>\n<\/blockquote>\n<p>Analyst Caleb Franzen noted the tendency to weaken and did not rule out that &#8220;more pain may be ahead&#8221;.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Seems worthwhile to expect more pain. Those who embrace it will be best-off in the long-term.<a href=\"https:\/\/t.co\/oCQfBkDDQa\">https:\/\/t.co\/oCQfBkDDQa<\/a><\/p>\n<p>\u2014 Caleb Franzen (@CalebFranzen) <a href=\"https:\/\/twitter.com\/CalebFranzen\/status\/1523337506304843776?ref_src=twsrc%5Etfw\">May 8, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On May 5, after a brief spike in quotes on the back of <a href=\"https:\/\/u1f987.com\/en\/news\/fed-shocks-markets-bitcoin-climbs-above-40000\"> <span data-descr=\"U.S. Federal Reserve\" class=\"old_tooltip\">Fed<\/span>&#8216;s rate hike<\/a>, the price of the leading cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-slips-below-36000\"> began to fall<\/a>, nearing $35,000.<\/p>\n<p>In April, former BitMEX CEO and co-founder Arthur Hayes predicted Bitcoin would fall to $30,000 by the end of the first half of the year. He linked this to a possible drop in the Nasdaq 100 (NDX), with which digital gold is highly correlated.<\/p>\n<p>Arcane Research analysts confirmed that the statistical link between Bitcoin and the Nasdaq index has reached its highest level since July 2020.<\/p>\n<p>Back in April, trader and head of Factor LLC Peter Brandt <a href=\"https:\/\/u1f987.com\/en\/news\/peter-brandt-forecasts-bitcoin-drop-to-28000\"> warned of a drop in the price<\/a> of digital gold to $28,000.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\">YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Monday, May 9, Bitcoin prices hit their lowest since the summer of 2021, falling below $31,600.<\/p>\n","protected":false},"author":1,"featured_media":61149,"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-61148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61148","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=61148"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61148\/revisions"}],"predecessor-version":[{"id":61150,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61148\/revisions\/61150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/61149"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=61148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=61148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=61148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}