The Bitcoin rate has dropped to almost $18,000 today, but later recovered and even increased from yesterday's record — at the time of the publication of this note, the first cryptovalium was $1,9420.
Since the end of August, Bitcoin has remained within $19,000. According to analysts, this level is very important, because falling below can lead to new minimums, even below what was achieved in June, when Bitcoin fell below $17,800.
At the beginning of today's US trade, the bitcoin price dropped below $19,000 because investors were anxious to see the latest consumer price index data.
"," said Michael Rinco, a venture lawyer, AscendEx, ".
Steve McClurg, Chief Investment Director of Valkyrie Investments, states that the market's response is well awaited: high inflation tells investors that the Fed will continue the planned rate increases; bond returns increased after the issuance of the report on inflation, which put additional pressure on cryptos.
The Coinbase kryptobier was the most affected, with its capitalization falling by about 11%, followed by Block and Microsoft, which fell by 6% and 5% respectively. Silvergate Bank lost 4% of its value, and Bitcoin engineering shares at least 4%, but by the evening the situation began to improve.