{"id":504018,"date":"2022-09-28T10:10:06","date_gmt":"2022-09-28T10:10:06","guid":{"rendered":"https:\/\/wncen.com\/?p=504018"},"modified":"2022-09-28T09:19:06","modified_gmt":"2022-09-28T09:19:06","slug":"bitcoin-price-retreats-below-19000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-retreats-below-19000\/","title":{"rendered":"Bitcoin Price Retreats Below $19,000 – Will It Slide Under $18,000 This Week?"},"content":{"rendered":"

The average Bitcoin price in September of last year was $45,965. It even hit and surpassed the $50K mark three times back then.\u00a0<\/span><\/p>\n

It did so when it closed September 4, 2021 at $50,000, September 5 at $51,692, and September 6 at $52,644.49.<\/span><\/p>\n

But the largest cryptocurrency by market capitalization is struggling to replicate that kind of run this year as it continues to struggle to hold even just the $20K price range.<\/span><\/p>\n

As of this writing, BTC is trading at $18,802, according to data from <\/span>CoinGecko<\/span><\/a>. It slightly spiked on Tuesday, reaching just above $23,300 before eventually falling back below the $19K mark once again.<\/span><\/p>\n

Related Reading: BNB Price Watch: The Charts Look Good For Traders \u2013 More Green On The Plate?<\/a><\/div>\n
\"\"Source: <\/span>CoinGecko<\/span><\/a><\/pre>\n
While Bitcoin only lost a measly 0.4% price dip for the last seven days, it has now lost 4.4% of its value over the period of 30 days.\u00a0<\/span>Moreover, its current trading price is 55.5% lower than what it was a year ago.<\/span><\/p>\n
Bitcoin Price Continues To Struggle\u00a0<\/b><\/h2>\n
The crypto space experienced a major crash between May and June this year when its total market value decreased by $2 trillion.<\/span><\/p>\n
Bitcoin was greatly affected by that and since then has been trading between $18,000 and $25,000.<\/span><\/p>\n
The digital asset\u2019s price is not the only thing that is struggling as its stocks retreated into bearish direction, dipping by 1% at $19,078.<\/span><\/p>\n
Inflation seems to be the main driving force of the chaos that has been wreaking havoc in crypto space for the past months as central banks leaned on increased interest rates to combat the economic dilemma.\u00a0<\/span><\/p>\n
The crypto industry also witnessed notable bankruptcies and insolvency issues that also impacted the digital assets’ attempt at a bullish run.<\/span><\/p>\n
Related Reading:  Polkadot Price Watch: What A Drop In This Key Area Can Mean For DOT?<\/a><\/div>\n
Will Bitcoin Fall Below $18K Again?<\/strong><\/h2>\n
Some experts believe that when certain conditions happen, the widely followed crypto will experience severe drop once again.<\/span><\/p>\n
It is believed that if inflation rate rises anywhere between 9.5% and 10%, the U.S. Federal Reserve might have an emergency meeting to discuss another round of interest rate hikes.<\/span><\/p>\n
If this happens, leveraged participants in the crypto markets will once again be affected in a negative way and that could lead to Bitcoin\u2019s price plummeting below $18,000.<\/span><\/p>\n
On June 18, 2022, BTC dropped to a low near that price due to the negativity brought by the bankruptcy of Three Arrows Capital and Celsius.<\/span><\/p>\n
<\/p>\n
BTC total market cap at $357 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from Fox Business, Chart: TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
The average Bitcoin price in September of last year was $45,965. It even hit and surpassed the $50K mark three times back then.\u00a0 It did so when it closed September 4, 2021 at $50,000, September 5 at $51,692, and September 6 at $52,644.49. But the largest cryptocurrency by market capitalization is struggling to replicate that kind of run this year as it continues to struggle to hold even just the $20K price range. As of this writing, BTC is trading at $18,802, according to data from CoinGecko. It slightly spiked on Tuesday, reaching just above $23,300 before eventually falling back below the $19K mark once again. Related Reading: BNB Price Watch: The Charts Look Good For Traders \u2013 More Green On The Plate? Source: CoinGecko While Bitcoin only lost a measly 0.4% price dip for the last seven days, it has now lost 4.4% of its value over the period of 30 days.\u00a0Moreover, its current trading price is 55.5% lower than what it was a year ago. Bitcoin Price Continues To Struggle\u00a0 The crypto space experienced a major crash between May and June this year when its total market value decreased by $2 trillion. Bitcoin was greatly affected by that and since then has been trading between $18,000 and $25,000. The digital asset\u2019s price is not the only thing that is struggling as its stocks retreated into bearish direction, dipping by 1% at $19,078. Inflation seems to be the main driving force of the chaos that has been wreaking havoc in crypto space for the past months as central banks leaned on increased interest rates to combat the economic dilemma.\u00a0 The crypto industry also witnessed notable bankruptcies and insolvency issues that also impacted the digital assets’ attempt at a bullish run. Related Reading: Polkadot Price Watch: What A Drop In This Key Area Can Mean For DOT? Will Bitcoin Fall Below $18K Again? Some experts believe that when certain conditions happen, the widely followed crypto will experience severe drop once again. It is believed that if inflation rate rises anywhere between 9.5% and 10%, the U.S. Federal Reserve might have an emergency meeting to discuss another round of interest rate hikes. If this happens, leveraged participants in the crypto markets will once again be affected in a negative way and that could lead to Bitcoin\u2019s price plummeting below $18,000. On June 18, 2022, BTC dropped to a low near that price due to the negativity brought by the bankruptcy of Three Arrows Capital and Celsius. BTC total market cap at $357 billion on the daily chart | Source: TradingView.com Featured image from Fox Business, Chart: TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":504032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1144,1558,8686,2438,5163,10608],"class_list":["post-504018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-cryptocurrency","tag-ethusd","tag-inflation","tag-interest-rate","tag-prices"],"acf":[],"yoast_head":"\nBitcoin Price Retreats Below $19,000 - Will It Slide Under $18,000 This Week?<\/title>\n<meta name=\"description\" content=\"The average Bitcoin price in September of last year was $45,965. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Retreats Below $19,000 – Will It Slide Under $18,000 This Week?","url":"http:\/\/wncen.com\/news\/bitcoin-price-retreats-below-19000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-price-retreats-below-19000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Bitcoin-28.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Bitcoin-28.png?fit=723%2C407"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btcusd","cryptocurrency","ethusd","inflation","interest rate","prices"],"dateCreated":"2022-09-28T10:10:06Z","datePublished":"2022-09-28T10:10:06Z","dateModified":"2022-09-28T10:10:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Retreats Below $19,000 – Will It Slide Under $18,000 This Week?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-retreats-below-19000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-price-retreats-below-19000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Bitcoin-28.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Bitcoin-28.png?fit=723%2C407\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btcusd\",\"cryptocurrency\",\"ethusd\",\"inflation\",\"interest rate\",\"prices\"],\"dateCreated\":\"2022-09-28T10:10:06Z\",\"datePublished\":\"2022-09-28T10:10:06Z\",\"dateModified\":\"2022-09-28T10:10:06Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/09\/Bitcoin-28.png?fit=723%2C407","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/504018"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=504018"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/504018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/504032"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=504018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=504018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=504018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}