{"id":66786,"date":"2022-09-07T09:47:29","date_gmt":"2022-09-07T06:47:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66786"},"modified":"2025-09-07T03:09:28","modified_gmt":"2025-09-07T00:09:28","slug":"bitcoin-price-slips-below-19000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-slips-below-19000\/","title":{"rendered":"Bitcoin price slips below $19,000"},"content":{"rendered":"<p>On Wednesday, September 7, bitcoin slid to $18,500 for the first time since mid-July. At the time of writing, the asset traded around $18,790.<\/p>\n<p>According to <a href=\\\"https:\/\/www.coingecko.com\/\\\">CoinGecko<\/a>, bitcoin has fallen 5.2% over the last 24 hours.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh3.googleusercontent.com\/S4KkK_IgLIRXBH8NqYuJzc3gcys3mimmDutmSLjBsuro28MDfgMfGxHbdiSR9ZpszifbAeQ-lbgfsHtEUQb73vHL0a8aScEEuWLdSc4YhqESsjuL8kmLwGLOjTcSANrkhQ7b6D_UrSyjdKAqwxlwCUxCgiK4GHufgVZ3QY1eLfKHxl_fvAEUrVSW\\\" alt=\\\"Bitcoin price has fallen below $19,000\\\"\/><figcaption>Hourly BTC\/USD chart for the Binance exchange. Data: TradingView.<\/figcaption><\/figure>\n<p>The second-largest cryptocurrency by market cap also remained in the red. Its 24-hour drop stood at 8.6%, with the price at $1,517.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh3.googleusercontent.com\/KJroMVZW0WsEpDbiFfdlyBPf-1IwOmQZ5quLnTw5oazPZcqoWtXgktFWr1xyRYO6u-Ld4vbu2FBZOviU8m-OggyXUc2kjfnsE8stNKM3XrM4kIvKMBnpgPLKt5BdxUCb9pPoLmJdD7Tf7FGY4KCneg\\\" alt=\\\"Ethereum price has fallen below $19,000\\\"\/><figcaption>Hourly ETH\/USD chart for the Binance exchange. Data: TradingView.<\/figcaption><\/figure>\n<p>According to <a href=\\\"https:\/\/www.coinglass.com\/LiquidationData\\\">Coinglass<\/a>, futures-market liquidations totaling $359.8 million occurred in the last 24 hours, including $124.4 million in Bitcoin-denominated contracts and $110.5 million in Ethereum.<\/p>\n<p>The leaders of the asset class traditionally pulled the market. The largest declines were in Cardano, down 9.2%, and Polkadot, down 8.7%.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh4.googleusercontent.com\/C1cQ1HexEUtWr2Erd_yBrxMJjAYfoyy5W4Rs_lnWupGmYzQboNWf2NkSsB_6qWuzeg6JeuTnZnYSQBRZh3Ns6ur5A_ieC_qQJ8Y9RBNeeA3vJH0KnMg1Co1OKGtR1dy2BpxqyIzU7TuTEd6MCrhrWM0afmn3nbwf5JfdrDSHxSA8fASe4Q3HxJUO\\\" alt=\\\"Data: CoinGecko.\\\"\/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>The crypto investor and blogger Lark Davis noted that it was &#8216;time for cryptocurrencies to reset to zero again&#8217;.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">I guess it is time for <a href=\\\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\\\">#crypto<\/a> to go to zero again\u2026 yay\u2026<\/p>\n<p>\u2014 Lark Davis (@TheCryptoLark) <a href=\\\"https:\/\/twitter.com\/TheCryptoLark\/status\/1567389072577945601?ref_src=twsrc%5Etfw\\\">September 7, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>On August 26, bitcoin reacted negatively to Powell&#8217;s remarks, <span data-descr=\\\"U.S. Federal Reserve\\\" class=\\\"old_tooltip\\\">the Fed<\/span>, <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-falls-below-21000-after-powell-remarks\">breaching the $21,000 level<\/a>. The official said that, to curb inflation, the central bank would need to keep rates high for some time.<\/p>\n<p>On the next day, bitcoin tested the range <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-slips-below-20000-ethereum-under-1470\">near $19,900<\/a>. Ethereum price fell below $1,470.<\/p>\n<p>Earlier, Genesis Trading&#8217;s head of derivatives Joshua Lim <a href=\"https:\/\/u1f987.com\/en\/news\/expert-cites-three-reasons-for-bitcoins-weak-momentum\">explained the weak momentum in bitcoin<\/a> by the idea of &#8216;institutional inflows&#8217;, the ease of shorting, and the growing popularity of paired trading with other cryptocurrencies.<\/p>\n<p>Analysts at Glassnode warned that the price of digital gold <a href=\"https:\/\/u1f987.com\/en\/news\/glassnode-flags-potential-bitcoin-price-drop-to-17000\">to $17,000<\/a>.<\/p>\n<p>Peter Schiff, president of Euro Pacific Capital, outlined a more bearish scenario, forecasting <a href=\"https:\/\/u1f987.com\/en\/news\/peter-schiff-again-predicts-bitcoin-will-fall-to-10000\">a collapse to $10,000<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, September 7, bitcoin fell to $18,500 for the first time since mid-July. At the time of writing, the asset was trading near $18,790.<\/p>\n","protected":false},"author":1,"featured_media":66787,"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":[480,46],"class_list":["post-66786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66786","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=66786"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66786\/revisions"}],"predecessor-version":[{"id":66788,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/66786\/revisions\/66788"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/66787"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=66786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=66786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=66786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}