finally arrived Bitcoin dropped $20,000 to $19,377.08/BTC, bringingslotxo walletthe total cryptocurrency market cap down to $900 billion. from a record $3 trillion at the end of last year
On June 18, 2022, Bloomberg reported that digital assets are still under pressure amid the ongoing DeFi crisis. Bitcoin Price Has Been Falling For 12 Days And Bringing Today Below $20,000/BTC For the first time since Dec. 2020 due to increasing pressure in the crypto industry. while the monetary policy of major countries more tight
At approximately 2:54 p.m. Hong Kong time today (June 18), the price of Bitcoin fell as much as 6% to $19,377.08 /BTC, pulling the cryptocurrency's market cap on a large scale. The world's best fell for 12 consecutive days.
Ether fell to $1,000 in a short period of time and fell to $999.86 during one day. This is the lowest since Jan 2021.
Edward Moya, senior market analyst at Oanda, previously said: Recession concerns have increased. and reduce the demand for investment in risky assets Therefore, crypto investors need to be wary of buying bitcoins that can lead to lows.
However, after the middle of last week When the Federal Reserve (Fed) raised interest rates to 0.75%, the highest since 1994, and many central banks signal that. They will continue to raise interest rates this year. to fight inflation
These situations exacerbate and harm risky assets such as cryptocurrencies. Prices have so far dropped 70 percent compared to the record high set in November 2021.