Coin-Miners - Crypto Currency Tracker logo Coin-Miners - Crypto Currency Tracker logo

NewsBTC 2022-09-28 10:10:06

Bitcoin Price Retreats Below $19,000 – Will It Slide Under $18,000 This Week?

The average Bitcoin price in September of last year was $45,965. It even hit and surpassed the $50K mark three times back then. 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 – 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. Moreover, its current trading price is 55.5% lower than what it was a year ago. Bitcoin Price Continues To Struggle 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’s 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 spac...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.