{"id":74943,"date":"2023-03-03T09:36:54","date_gmt":"2023-03-03T07:36:54","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74943"},"modified":"2025-09-10T02:34:58","modified_gmt":"2025-09-09T23:34:58","slug":"bitcoin-price-slips-below-22000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-slips-below-22000\/","title":{"rendered":"Bitcoin price slips below $22,000"},"content":{"rendered":"

In the early hours of March 3, bitcoin briefly slipped below $22,000. Over the past 24 hours the asset fell 4.5%, according to CoinGecko<\/a>.<\/p>\n

Bitcoin is currently trading near $22,400.<\/p>\n

\\\"BTCUSDT_2023-03-03_09-36-05\\\"
BTC\/USDT hourly chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

The second largest crypto has fallen 4.7%. The price collapsed from above $1,640 to the current $1,564.<\/p>\n

\\\"ETHUSDT_2023-03-03_09-40-42\\\"
ETH\/USDT hourly chart on Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

Following the leaders into the red zone were crypto assets from the top 10. At the time of writing, Dogecoin shows the worst performance (-6.4% in 24h). The market cap of the sector stands just above $1 trillion.<\/p>\n

\\\"Snimok-ekrana-2023-03-03-v-09.43.12\\\"
Data: CoinGecko.<\/figcaption><\/figure>\n

In the last 24 hours, liquidations on the futures market reached $245 million, according to Coinglass<\/a>.<\/p>\n

On February 14, the price of the leading cryptocurrency briefly corrected<\/a> against the backdrop of US inflation data that exceeded expectations. But two days later, the quotes tested<\/a> the $25,000 level.<\/p>\n

Marcus Thielen, Director of Research and Strategy at Matrixport, in comments to Cointelegraph<\/a> suggested that the price of bitcoin was influenced by the decision by Silvergate Capital Corporation<\/a> to push back the filing deadline with the U.S. Securities and Exchange Commission and heightened regulator scrutiny of the industry.<\/p>\n

\n

\u00abNevertheless, this plays into the hands of Hong Kong and China, which are becoming more crypto-friendly,\u00bb the expert added.<\/p>\n<\/blockquote>\n

In a conversation with CoinDesk<\/a>, Nick Rako from ContentFi confirmed the view that Silvergate affected the market:<\/p>\n

\n

\u00abInstitutions are a little worried, because Silvergate seems to be in trouble\u00bb.<\/p>\n<\/blockquote>\n

Earlier Moody\u2019s downgraded the rating<\/a> of the financial institution from \u00abBa3\u00bb to \u00abB2\u00bb. Analysts attributed the move to a substantial decline in capital after a loss of $1.05 billion<\/a> for the quarter ended December 2022.<\/p>\n

In early March, LedgerX, a platform of the FTX Group, notified clients of terminating its cooperation<\/a> with Silvergate and advised making transfers in fiat via Signature Bank.<\/p>\n

In February, \u0424\u0420\u0421<\/span>, FDIC<\/span> and OCC<\/span> issued<\/a> a joint statement reminding U.S. banks of potential risks arising from crypto-focused firms.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the early hours of March 3, bitcoin briefly slipped below $22,000. Over the past 24 hours the asset fell 4.5%, according to CoinGecko.<\/p>\n","protected":false},"author":1,"featured_media":74944,"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-74943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74943","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=74943"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74943\/revisions"}],"predecessor-version":[{"id":74945,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74943\/revisions\/74945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/74944"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}