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Bitcoin Drops Below USD 20,000

Source: AdobeStock / Farknot Architect

 

The number one cryptoasset per market capitalization, bitcoin (BTC), took another dip below USD 20,000 today.

At 15:00 UTC on Sunday, BTC was trading at USD 19,888. Prior to this slight recovery, it had dipped to USD 19,858.

BTC 7-day price chart. Source: coingecko.com

At the time of writing, it is down 1% in a day and 6% in a week. Overall, the price dropped 16% over the past month and 60% over the past year.

Compared to its all-time high of USD 69,044 recorded in November last year, BTC is down 71%, according to CoinGecko.

Bitcoin had visited the USD 19,000 level several times this year: first in June, then again in July. It had kept above that level since mid-July however, touching it once again today.

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Learn more: 
Crypto Derivatives Industry ‘Expects’ Severe Regulation, Bitcoin’s Price to Return to USD 65K – Report
Bitcoin Price Rally Failed to Attract Active Users, Exchange Flows Reveals ‘Lackluster’ Demand – Glassnode

Galaxy Digital’s Novogratz Doubts Bitcoin Will Pass USD 30,000 Barrier Soon
Bitcoin Could Fall to USD 13.6K This Year, Panel Says After Adjusting Predictions Once Again

Canadian Exchanges’ Cap on Annual Purchases Excludes Only Bitcoin, Ethereum, Litecoin and Bitcoin Cash
10 Traditional Companies that are Moving into Crypto Despite Market Downturn




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