bitcoin
Bitcoin (BTC) $ 21,317.00
ethereum
Ethereum (ETH) $ 1,223.91
tether
Tether (USDT) $ 1.00
usd-coin
USD Coin (USDC) $ 1.00
bnb
BNB (BNB) $ 239.38
xrp
XRP (XRP) $ 0.366678
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.50308
solana
Solana (SOL) $ 41.44
polkadot
Polkadot (DOT) $ 8.21

Bitcoin crashes below $39,000

The crypto market was swept by a bloody wave of sales. fell below $39,000, the fall also affected stocks of mining companies.


Within a few hours, lost almost $3,500 in price, falling to a six-month low of just over $38,000. Such a fall led to a large-scale liquidation of positions on crypto exchanges. The volume of liquidation exceeded $700 million in 24 hours. Most of the liquidations rook place on Binance.

The fall also affected other cryptocurrencies. Thus, ETH dropped 12% to $2500, Coin lost 16%, Solana lost 17%.

Following cryptocurrencies, stocks of public crypto companies also went down. Thus, the stock of the US-based crypto exchange lost 5.6% during premarket trading hours. Riot and Marathon Digital stocks fell more than 8%.

US economic agenda remains the main reason for crypto market fall. Investors expect the Federal Reserve to increase the key rate in the near future and to accelerate the curtailment of the asset buyback program. According to Arcane Research, the correlation between and S&P500 has reached a record high since 2020. In addition, almost half (43%) of the trading volume on the crypto market takes place during working hours in the United States, which indicates the dominance of US investments and traders on the crypto market.

According to Kraken, in 2022, can go either bullish, with its rate reaching $100,000, or bearish, suggesting a sharp fall to $26,000.

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USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 21,317.00
ethereumEthereum (ETH)
$ 1,223.91
tetherTether (USDT)
$ 1.00
xrpXRP (XRP)
$ 0.366678
litecoinLitecoin (LTC)
$ 55.82
dogecoinDogecoin (DOGE)
$ 0.067555
bitcoinBitcoin (BTC)
20.280,14
ethereumEthereum (ETH)
1.164,38
tetherTether (USDT)
0,952311
xrpXRP (XRP)
0,348843
litecoinLitecoin (LTC)
53,10
dogecoinDogecoin (DOGE)
0,064269
bitcoinBitcoin (BTC)
17,507.44
ethereumEthereum (ETH)
1,005.19
tetherTether (USDT)
0.822111
xrpXRP (XRP)
0.301149
litecoinLitecoin (LTC)
45.84
dogecoinDogecoin (DOGE)
0.055482

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