Bitcoin price drops to $25,000
- June 13, 2022
- 0
news is updating On the night of June 13, the price of the first cryptocurrency fell to $ 25,000, Ethereum – to $ 1300. Hourly chart of BTC/USDT
news is updating
On the night of June 13, the price of the first cryptocurrency fell to $ 25,000, Ethereum – to $ 1300.
According to CoinGecko, the price of bitcoin at the time of this writing is around $25,600.
During the same period, Ethereum fell 8.9%. Its current price is $1313. Judging by the charts, the drop in the first and second cryptocurrencies was accompanied by an increase in trading volume.
After the flagships, almost the entire market has moved into the red zone. Solana (-13.4%) and Dogecoin (11.4%) showed the biggest declines in the last 24 hours.
Total capitalization is down almost 6% and is less than $1.1 trillion. BTC dominance index is 45.3%, while ETH is 15.1%.
According to Coinglass, more than $500 million of positions have been liquidated in the futures market.
The index of fear and greed in the crypto industry reached 11 points (“extreme fear”).
Bitcoin Fear and Greed Index 11. Extreme Fear
Current price: $26,808 pic.twitter.com/jOE6ArjuID— Bitcoin Fear and Greed Index (@BitcoinFear) 13 June 2022
On June 10, Bitcoin dropped below $30,000 amid news of accelerating inflation in the US. That day, an analyst under the pseudonym PlanC stated that he has yet to see a major trend reversal in the near future.
Thought of the day 🤔
It doesn’t matter how many charts converge on the current macro backdrop that shows we’ve reached historically oversold levels. #BTC
as long as #Bitcoin It continues to be associated with risk on assets, I don’t see any major trend reversal anytime soon.
— Plan©️ (@TheRealPlanC) 10 June 2022
MicroStrategy president Michael Saylor noted that inflation “did not peak like bitcoin.”
Inflation has not peaked and neither has #Bitcoin.
— Michael Saylor⚡️ (@saylor) 10 June 2022
Recall that Scott Minerd, director of investment at Guggenheim Partners, acknowledged that the cost of the first cryptocurrency could drop to $8,000.
Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
