Bitcoin price

Bitcoin’s Price Currently the Lowest in Two Months

07.09.2022 09:06
by Gabriel Cross
1 min read

Bad news for Bitcoin, as its price has now dropped below $19,000.

According to CoinMarketCap, the largest crypto is currently trading at $18,794. This is its lowest value in two months. And the last time before this July that Bitcoin’s price fell below $19,000 was in November 2020.

The reason Bitcoin value is dropping concerns the overall adverse market conditions. Traders are selling due to the rising interest rates aimed at combating inflation. The news of Russia halting gas to Europe didn’t help either.

In fact, Bitcoin is one of the worst-performing coins right now, being down almost 5% in 24 hours. Other biggest losers are Polkadot and Cardano, suffering similar drops of about 5%.

Author

  • Gabriel Cross used to be a bank officer for an international bank for many years. From this point of view, he says the time spent obtaining a degree in economics was a waste of time. A few years back, he decided to quit his job and start trading. He is obsessed with decentralized finance, but he often plays with the stock market, investing with great pleasure into ground-breaking tech solution startups.

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