• Login
Crypto Newsmart
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
No Result
View All Result
Crypto Newsmart
No Result
View All Result

Bitcoin Price Down 13% In The Last 7 Days – Will BTC Continu…

in Crypto Updates
Reading Time: 2 mins read
Bitcoin Price Down 13% In The Last 7 Days – Will BTC Continu…
30
VIEWS
Share on Facebook

Bitcoin price is again being challenged by all sorts of elements. It’s a “fresh chill,” says one analyst as the crypto winter shows no signs of let-up.

The cryptocurrency market as a whole is beginning to exhibit indications of weakness (and that’s not surprising, actually), with capital outflows eroding recent gains.

As a result, Bitcoin price, which has corrected while struggling to maintain a price over $20,000, has been subject to extreme selling pressure.

Bitcoin had significant sell-offs on Friday night and was just trading below $21,500, down roughly 10% in the last 24 hours. The largest cryptocurrency in terms of market capitalization has decreased by 14% during the past week.

Bitcoin price decline occurs immediately after the most sought-after crypto asset in the world reached $25,000 for the first time since June, in response to a gain in U.S. stocks.

Bitcoin Leads Market Selloffs

In the face of the bearish price action, more than $538 million from 156,156 traders has been liquidated over the previous 24 hours on the cryptocurrency market, figures from Coinglass show.

The large number of selloffs for the two largest cryptocurrencies resulted from long positions that had been blown out. Bitcoin price tops the liquidations with $202 million, followed by Ethereum with $133 million.

According to CoinMarketCap data, as of August 19, the overall worldwide crypto market capitalization stood at $1.05 trillion, down $70 billion in the last 24 hours from its $1.12 trillion value a day earlier.

Futures associated with the tech-heavy Nasdaq 100 declined by more than 1 percent, while the dollar index surged to a one-month peak of 107.78, reflecting downside risk.

In extending trading, crypto-related stocks such as miners and crypto exchange Coinbase declined.

German Inflation Dragging Bitcoin Price Down?

Initial analysis indicates that Bitcoin price drop began during overnight trade on Friday, correlating with unusually high German inflation statistics. In July, the country’s annual producer inflation reached a record high of 37%, compared to projections of 32%.

Susannah Streeter, senior investing and market analyst at Hargreaves Lansdown, explains:

“This fresh chill has descended in the wake of fears that the market is headed for a crypto winter… although at $21,800 Bitcoin is still a considerable distance above its June lows of under $19,000, market volatility is once again wreaking havoc.”

Meanwhile, the market’s adverse price movement is likely related to the anticipated rate hike by the US Federal Reserve next month and the decline in DeFi activity.

According to the Wall Street Journal, St. Louis central bank President James Bullard wants a 0.75 percent rate increase by the end of the month.

Reuters reported that Mary Daly, president of the Federal Reserve Bank of San Francisco, also indicated a 0.75 percent rate hike next month.

BTC total market cap at $404 billion on the weekend chart | Source: TradingView.com

Featured image from PYMNTS.com, Chart from TradingView.com

Source link

Everything you need to know About the Website Moonpay

Is crypto the future?


  • Trending
  • Comments
  • Latest
Expert Bitcoin Price Predictions: From K to K in 2023, and Beyond

Expert Bitcoin Price Predictions: From $20K to $38K in 2023

1 February 2023
How Investigators Trace Crypto Criminals?

How Investigators Trace Crypto Criminals?

30 January 2023
How to trade cryptocurrency on Coinbase

How to trade cryptocurrency on Coinbase

31 January 2023
MoneyGram Partners With Circle To Enable USDC Cross-Border Stablecoin Transactions on Stellar (XLM) Blockchain

MoneyGram Partners With Circle To Enable USDC Cross-Border Stablecoin Transactions on Stellar (XLM) Blockchain

2 February 2023
How to trade cryptocurrency on Binance

How to trade cryptocurrency on Binance

27 January 2023
Sberbank Cover 1024x538 1

Russia’s Largest Bank to Launch Ethereum-Compatible DeFi Platform

5 February 2023
upload 7d22bc5d7be9c0d5d8f50161734559ae

KZG Ceremony Grant Round | Ethereum Foundation Blog

5 February 2023
Article Post Images 23

Bitcoin (BTC) Price to Surge 8x If This Scenario Plays Out – Here’s How and When

5 February 2023
crypto hacking

Hackers Stole $3.8 Billion From Crypto Firms in 2022, Says Chainalysis – Featured Bitcoin News

4 February 2023
ripple sec lawsuit

Ripple Vs SEC Update: Latest Hearing Offers Hope, XRP Gains Upper Hand

3 February 2023

  • Home
  • Disclaimer
  • Privacy Policy
  • Digital Millennium Copyright Act Policy (DMCA)
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
CRYPTO NEWSMART

Copyright © 2021 Crypto Newsmart.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE

Copyright © 2021 Crypto Newsmart.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)€21,111.37-2.63%
    BITCOIN
    24H : -2.63%
    Volume : €26,363,234,063.72
    Marketcap : €406,848,814,627.77
  • ethereumEthereum(ETH)€1,507.24-2.46%
    ETHEREUM
    24H : -2.46%
    Volume : €7,763,669,474.86
    Marketcap : €181,435,863,361.22
  • usdex-stablecoinUSDEX(USDEX)€0.995-0.96%
    USDEX
    24H : -0.96%
    Volume : €118,440.27
    Marketcap : €102,881,883,688.82
  • tetherTether(USDT)€0.927-0.10%
    TETHER
    24H : -0.10%
    Volume : €35,411,424,173.84
    Marketcap : €63,135,596,569.10
  • binancecoinBNB(BNB)€299.98-2.71%
    BNB
    24H : -2.71%
    Volume : €926,248,253.47
    Marketcap : €40,464,038,608.32
  • usd-coinUSD Coin(USDC)€0.9270.0100%
    USD COIN
    24H : 0.0100%
    Volume : €2,602,249,707.86
    Marketcap : €38,891,646,275.08
  • rippleXRP(XRP)€0.371-2.55%
    XRP
    24H : -2.55%
    Volume : €936,874,834.52
    Marketcap : €18,835,849,666.01
  • binance-usdBinance USD(BUSD)€0.926-0.02%
    BINANCE USD
    24H : -0.02%
    Volume : €8,729,929,552.39
    Marketcap : €15,060,665,528.05
  • cardanoCardano(ADA)€0.363-1.95%
    CARDANO
    24H : -1.95%
    Volume : €353,667,901.69
    Marketcap : €12,702,478,830.36
  • dogecoinDogecoin(DOGE)€0.086-3.28%
    DOGECOIN
    24H : -3.28%
    Volume : €859,113,090.56
    Marketcap : €11,774,487,878.58
  • okbOKB(OKB)€41.000.080%
    OKB
    24H : 0.080%
    Volume : €24,138,544.78
    Marketcap : €10,128,072,278.55
  • matic-networkPolygon(MATIC)€1.10-4.21%
    POLYGON
    24H : -4.21%
    Volume : €566,709,485.18
    Marketcap : €9,887,626,584.88
  • solanaSolana(SOL)€21.47-4.95%
    SOLANA
    24H : -4.95%
    Volume : €632,378,774.95
    Marketcap : €7,985,863,012.58
  • shiba-inuShiba Inu(SHIB)€0.000014-2.79%
    SHIBA INU
    24H : -2.79%
    Volume : €989,082,698.40
    Marketcap : €7,969,195,043.02
  • staked-etherLido Staked Ether(STETH)€1,503.26-2.51%
    LIDO STAKED ETHER
    24H : -2.51%
    Volume : €12,516,762.25
    Marketcap : €7,594,192,944.00
  • polkadotPolkadot(DOT)€6.18-3.00%
    POLKADOT
    24H : -3.00%
    Volume : €248,173,548.72
    Marketcap : €7,406,232,650.53
  • litecoinLitecoin(LTC)€88.91-2.64%
    LITECOIN
    24H : -2.64%
    Volume : €484,813,175.27
    Marketcap : €6,409,254,779.57
  • avalanche-2Avalanche(AVAX)€18.42-5.23%
    AVALANCHE
    24H : -5.23%
    Volume : €321,528,097.13
    Marketcap : €5,797,385,920.15
  • tronTRON(TRX)€0.059-2.10%
    TRON
    24H : -2.10%
    Volume : €480,017,666.41
    Marketcap : €5,372,965,489.91
  • uniswapUniswap(UNI)€6.32-5.86%
    UNISWAP
    24H : -5.86%
    Volume : €142,913,825.99
    Marketcap : €4,756,156,584.46
Manage Cookie Consent

We use cookies to optimise our website and our service.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
Preferences
{title} {title} {title}