Bitcoin Falls Below $19,000. Why a Big Move May Be Coming

Barrons2022-09-19

Bitcoin traded a new one-year low on Monday and other cryptocurrencies followed it lower ahead of what’s expected to be the third straight outsize interest rate hike from the Federal Reserve when the ...

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Comments

  • cutemiao
    2022-09-20
    cutemiao
    So sad
  • robot1234
    2022-09-20
    robot1234
    Bitcoin briefly drops to its lowest level in 3 months as risk assets continue to get crushed. The world’s largest cryptocurrency dropped as much as about 5% to hit an intraday low of $18,276, its lowest level since June 19, according to Coin Metrics. It was last down 1.2% at $19,465.00. Bitcoin is down 3.77% this month and on pace for the second straight negative month after plunging 15% in August. “Regulatory pressure, rising base rates, and inflation are pressing heavily on riskier asset classes, especially crypto, and are thus forcing liquidations, reducing capital available for investment, and increasing concerns over undefined regulatory controls,” said Sadie Raney, co-founder and head of operations at Strix Leviathan. “These forces may mute the overall crypto complex until the f
  • CW37
    2022-09-19
    CW37
    tiger
  • lololol13
    2022-09-19
    lololol13
    Ok
  • CIG
    2022-09-19
    CIG
    Buy and hold forever (foxl likes to say).
  • YS_ZENG
    2022-09-19
    YS_ZENG
    Noted.Pls like
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