{"id":397061,"date":"2022-01-21T08:55:17","date_gmt":"2022-01-21T05:55:17","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-dumps-to-hit-six-month-lows-near-38k\/"},"modified":"2022-01-21T08:55:17","modified_gmt":"2022-01-21T05:55:17","slug":"bitcoin-dumps-to-hit-six-month-lows-near-38k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-dumps-to-hit-six-month-lows-near-38k\/","title":{"rendered":"# Bitcoin dumps to hit six month lows near $38K"},"content":{"rendered":"<p>&#8220;<strong># Bitcoin dumps to hit six month lows near $38K <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) has dumped 7.5% in the past 12 hours, plunging to 6-month lows from $43,328 at 4pm UTC yesterday to $38,258 by 4am UTC today.<\/p>\n<p>At the time of writing Bitcoin was trading at $38,761 according to Cointelegraph.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/1313aeee-8d87-41a1-878a-77952ad7bde4.PNG\"><\/figure>\n<p>Today\u2019s price crash has so far wiped about $50 billion from the overall crypto market. The total crypto market cap has been on a slow decline since early November 2021 when it reached a peak of $3 billion.<\/p>\n<p>Without a single bombshell piece of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that many could blame the dump on, investors are wondering what caused the price action. Some pointed to macro indicators, with tech stocks on Nasdaq entering into \u201ccorrection territory\u201d and several interest rate hikes are expected to come in 2022.<\/p>\n<p>But Bitcoin moves in mysterious ways. It could just as easily be the news that Bitcoin bull Raoul Pal has <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arently sold all his Bitcoin and only has one left\u2026<\/p>\n<p>The Rekt Capital <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1484175123930222600\">Twitter<\/a> account noted that the current pattern playing out \u201cshares a few similarities with the price behavior of late September 2021.\u201d At that time, Bitcoin tumbled several times from about $52,000 down to about $41,300 from Sept. to Oct. It proceeded to rise up to $69,000 by early November.<\/p>\n<p>The InvesetAnswers account with over 85,000 followers suggested that bears \u201cneed Bitcoin under $41,000 to pocket $132 million in gains.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> up 4%, down 9% all in 12 hours. Welcome to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/OptionsExpiry?src=hash&amp;ref_src=twsrc%5Etfw\">#OptionsExpiry<\/a> &#8211; bears are in control. They need <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> under $41,000 to pocket $132 million in gains. Seatbelts please or this! Welcome to Friday Expiry. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/6ybAxjM5sA\">pic.twitter.com\/6ybAxjM5sA<\/a><\/p>\n<p>\u2014 InvestAnswers (@invest_answers) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/invest_answers\/status\/1484351028266889218?ref_src=twsrc%5Etfw\">January 21, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>BTC is not the only crypto to plunge today Ether (ETH), Binance Coin (BNB), Solana (SOL), Cardano (ADA), and Ripple (XRP) have all experienced a severe corrections between -6.3% to -10% in the past 12 hours. <\/p>\n<p><strong><em>Related: BTC \u2018likely\u2019 to repeat Q4 2020 move \u2014 5 things to watch in Bitcoin this week<\/em><\/strong><\/p>\n<p>Among all the top-ten coins by market capitalization, ADA experienced the biggest overall losses as it dropped 10% to $1.21. Today\u2019s buggy launch of SundaeSwap did not appear to help matters.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.forbes.com\/sites\/billybambrough\/2022\/01\/20\/crypto-price-crash-bitcoin-ethereum-bnb-solana-cardano-and-xrp-suddenly-in-freefall\/?sh=75571baf4d78\">Forbes<\/a> contributor Billy Bambrough suggested in an article today that investors have been rattled by recent announcements from the Federal Reserve Bank that it would shrink its balance sheet and raise interest rates.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-dumps-to-hit-six-month-lows-near-38k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin dumps to hit six month lows near $38K &#8221; Bitcoin (BTC) has dumped 7.5% in the past 12 hours, plunging to 6-month lows from $43,328 at 4pm UTC yesterday to $38,258 by 4am UTC today. At the time of writing Bitcoin was trading at $38,761 according to Cointelegraph. Today\u2019s price crash has so&#8230;<\/p>\n","protected":false},"author":1,"featured_media":397062,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvYzZmZjU5MTYtNjQ0OC00YjY3LTg2YWQtOGM1OTQ5M2RkZjY0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,74891,75164],"class_list":["post-397061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-ethereum","tag-price-analysis"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/397061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=397061"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/397061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/397062"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=397061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=397061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=397061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}