{"id":69755,"date":"2022-11-09T09:49:38","date_gmt":"2022-11-09T07:49:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69755"},"modified":"2025-09-07T21:55:18","modified_gmt":"2025-09-07T18:55:18","slug":"bitcoin-slides-to-18000-as-ethereum-hits-1300","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-slides-to-18000-as-ethereum-hits-1300\/","title":{"rendered":"Bitcoin slides to $18,000 as Ethereum hits $1,300"},"content":{"rendered":"<p>Over the night of November 8\u20139, Bitcoin briefly fell to a one-year low of $17,166. Ethereum traded down to $1,233.<\/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\/111-28-1024x640.png\" alt=\"Bitcoin price fell to the $18,000 level. Ethereum at $1,300\" class=\"wp-image-190252\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/111-28-1024x640.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/111-28-300x188.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/111-28-768x480.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/111-28-1536x960.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/111-28-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Daily BTC\/USDT chart on Binance. Data: TradingView.<\/figcaption><\/figure>\n<p>As of writing, Bitcoin was trading at around $18,400.<\/p>\n<p>According to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a>, in the course of the futures-market correction, positions worth more than $722 million were liquidated over the 24 hours.<\/p>\n<p>Against the backdrop of the liquidity crisis at the FTX bitcoin-exchange and <a href=\"https:\/\/u1f987.com\/en\/news\/binance-chief-changpeng-zhao-announces-purchase-of-ftx\">announcement of its acquisition by rival Binance<\/a>, all top-10 cryptocurrencies by market capitalization were in the red.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"518\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/222-23-1024x518.png\" alt=\"Bitcoin price fell to the $18,000 level. Ethereum at $1,300\" class=\"wp-image-190253\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/222-23-1024x518.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/222-23-300x152.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/222-23-768x389.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/222-23-1536x778.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/222-23-2048x1037.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/www.coingecko.com\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>The cryptocurrency market capitalisation fell below $1 trillion.<\/p>\n<p>Despite volatility, Binance&#8217;s native token BNB fell by just 0.4% over 24 hours. Meanwhile, FTX&#8217;s utility token FTT slumped 70%, to $4.50.<\/p>\n<p>Solana (SOL) shed more than 20% over the day and ceded tenth place to its rival Polygon (MATIC). SOL trades around $21; MATIC around $1.<\/p>\n<p>Following the announcement of the deal between the two largest Bitcoin exchanges, Robinhood&#8217;s stock fell almost 20%. In May, Emergent Fidelity Technologies <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-chief-acquires-7-6-stake-in-robinhood\">acquired 56.28 million shares<\/a> (7.6%) of the online broker for $648.29 million.<\/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\/333-14-1024x640.png\" alt=\"Hourly chart of HOOD shares on Nasdaq. Data: TradingView.\" class=\"wp-image-190255\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/333-14-1024x640.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/333-14-300x188.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/333-14-768x480.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/333-14-1536x960.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/333-14-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Hourly chart of HOOD shares on Nasdaq. Data: TradingView.<\/figcaption><\/figure>\n<p>Back in the morning of November 8, Bitcoin slipped below the $20,000 level. The market capitalisation of digital assets remained above $1 trillion.<\/p>\n<p>Earlier ForkLog experts warned of significant shocks to the crypto industry amid the showdown between Binance and FTX.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news in 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>Over the night of November 8\u20139, Bitcoin briefly fell to a one-year low of $17,166. Ethereum traded down to $1,233.<\/p>\n","protected":false},"author":1,"featured_media":69756,"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-69755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69755","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=69755"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69755\/revisions"}],"predecessor-version":[{"id":69757,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69755\/revisions\/69757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69756"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}