{"id":62798,"date":"2022-06-13T08:56:07","date_gmt":"2022-06-13T05:56:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62798"},"modified":"2025-09-05T20:10:47","modified_gmt":"2025-09-05T17:10:47","slug":"bitcoin-price-tumbles-below-23000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-tumbles-below-23000\/","title":{"rendered":"Bitcoin price tumbles below $23,000"},"content":{"rendered":"<p>Late on June 13, Bitcoin traded near $25,000, Ethereum near $1,300.<\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">June 13, 2022 | 11:25<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>At the time of writing, Bitcoin had slipped below $24,700.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"989\" height=\"530\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-06-13_11-23-03-1.png\" alt=\"Bitcoin price tumbles below $23,000\" class=\"wp-image-175734\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-06-13_11-23-03-1.png 989w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-06-13_11-23-03-1-300x161.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-06-13_11-23-03-1-768x412.png 768w\" sizes=\"auto, (max-width: 989px) 100vw, 989px\" \/><figcaption>Hourly BTC\/USD chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n<p>Ethereum trades near $1,260.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"989\" height=\"594\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2022-06-13_11-22-42-1.png\" alt=\"Ethereum price chart on Binance\" class=\"wp-image-175733\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2022-06-13_11-22-42-1.png 989w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2022-06-13_11-22-42-1-300x180.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2022-06-13_11-22-42-1-768x461.png 768w\" sizes=\"auto, (max-width: 989px) 100vw, 989px\" \/><figcaption><meta http-equiv=\"content-type\" content=\"text\/html; charset=utf-8\">Hourly ETH\/USD chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">June 13, 2022 | 13:23<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Bitcoin breached the $24,000 level.  <\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"708\" height=\"594\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-06-13_13-18-27.png\" alt=\"Bitcoin price tumbles below $23,000\" class=\"wp-image-175752\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-06-13_13-18-27.png 708w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-06-13_13-18-27-300x252.png 300w\" sizes=\"auto, (max-width: 708px) 100vw, 708px\" \/><figcaption>Hourly BTC\/USD chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">June 13, 2022 | 17:56<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Bitcoin quotes had fallen below $23,000 (\u221217.1% for the day, according to CoinGecko). The total liquidations in the futures market approached $1 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"708\" height=\"594\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-06-13_17-53-39.png\" alt=\"Bitcoin price tumbles below $23,000\" class=\"wp-image-175810\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-06-13_17-53-39.png 708w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSD_2022-06-13_17-53-39-300x252.png 300w\" sizes=\"auto, (max-width: 708px) 100vw, 708px\" \/><figcaption>Hourly BTC\/USD chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n<p>Ethereum fell by 20.1% over the past 24 hours, to $1,192. Total cryptocurrency market capitalization reached $988.9 billion. <\/p>\n<\/div>\n<\/div>\n<p>At the time of writing, Bitcoin is around $25,600. In the last 24 hours the cryptocurrency had shed about 6.5%, according to CoinGecko.<\/p>\n<p>Over the same period, Ethereum fell 8.9%. The current price is $1,313. Charts suggest the declines in both assets were accompanied by a surge in trading volume.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"785\" height=\"594\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2022-06-13_09-06-19.png\" alt=\"Ethereum price chart on Binance\" class=\"wp-image-175686\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2022-06-13_09-06-19.png 785w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2022-06-13_09-06-19-300x227.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/ETHUSD_2022-06-13_09-06-19-768x581.png 768w\" sizes=\"auto, (max-width: 785px) 100vw, 785px\" \/><figcaption>Hourly ETH\/USD chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n<p>Following the leaders, nearly the entire market moved into the red. The biggest declines over the last 24 hours were Solana (-13.4%) and Dogecoin (-11.4%).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-06-13-v-09.11.52-1024x536.png\" alt=\"Data: CoinGecko.\" class=\"wp-image-175689\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-06-13-v-09.11.52-1024x536.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-06-13-v-09.11.52-300x157.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-06-13-v-09.11.52-768x402.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2022-06-13-v-09.11.52.png 1136w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>Total market capitalization fell by almost 6% to below $1.1 trillion. Bitcoin dominance stood at 45.3%, ETH at 15.1%.<\/p>\n<p>According to Coinglass, liquidations on the futures market totaled more than $500 million.<\/p>\n<p>The Crypto Fear and Greed Index stood at 11 points (&#8216;Extreme Fear&#8217;).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Bitcoin Fear and Greed Index is 11. Extreme Fear<br \/>Current price: $26,808 <a href=\"https:\/\/t.co\/jOE6ArjuID\">pic.twitter.com\/jOE6ArjuID<\/a><\/p>\n<p>\u2014 Bitcoin Fear and Greed Index (@BitcoinFear) <a href=\"https:\/\/twitter.com\/BitcoinFear\/status\/1536143837210595330?ref_src=twsrc%5Etfw\">June 13, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On June 10, Bitcoin fell below $30,000 amid <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-dips-below-30000-as-us-inflation-accelerates\">news of accelerating inflation in the United States<\/a>. On that day, an analyst using the pseudonym PlanC noted that he did not yet see a meaningful trend reversal in the near term.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Thought of The Day \ud83e\udd14<\/p>\n<p>In the current macro backdrop it doesn\u2019t matter how many charts are showing confluence that we are reaching historically oversold levels. <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a><\/p>\n<p>As long as <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> remains correlated to risk on assets I don\u2019t see a significant trend reversal anytime soon.<\/p>\n<p>\u2014 Plan\u00a9\ufe0f (@TheRealPlanC) <a href=\"https:\/\/twitter.com\/TheRealPlanC\/status\/1535273160018362369?ref_src=twsrc%5Etfw\">June 10, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The head of MicroStrategy, Michael Saylor, noted that inflation \u201chas not peaked, and neither has Bitcoin.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Inflation hasn\u2019t peaked, and neither has <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>.<\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1535246881076531201?ref_src=twsrc%5Etfw\">June 10, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Monday opened with declines in traditional markets as well. Hong Kong&#8217;s Hang Seng fell 3.19%, Japan&#8217;s Nikkei 225 by 3.01%. Nasdaq-100 futures fell 4.44%, and the S&#038;P 500 by 2.91%.<\/p>\n<p>Earlier, Guggenheim Partners&#8217; chief investment officer Scott Minerd warned that Bitcoin could <a href=\"https:\/\/u1f987.com\/en\/news\/guggenheim-partners-see-bitcoin-price-dipping-to-8000\">fall to $8,000<\/a>.<\/p>\n<p>Earlier, Bitcoin critic Peter Schiff <a href=\"https:\/\/u1f987.com\/en\/news\/peter-schiff-outlines-condition-for-bitcoin-to-fall-to-10000\">said a drop to $10,000 was &#8216;quite likely&#8217;<\/a> if the asset decisively breaches the $30,000 level.<\/p>\n<p>Galaxy Digital founder Mike Novogratz <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-warns-of-further-bitcoin-price-decline\">said the crypto market could fall further<\/a>. In his view, the next few quarters would be volatile amid negativity on Wall Street.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Early on June 13, Bitcoin traded near $25,000, Ethereum near $1,300.<\/p>\n","protected":false},"author":1,"featured_media":62799,"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-62798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"33","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62798","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=62798"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62798\/revisions"}],"predecessor-version":[{"id":62800,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/62798\/revisions\/62800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/62799"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=62798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=62798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=62798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}