{"id":27571,"date":"2022-08-31T01:24:04","date_gmt":"2022-08-31T01:24:04","guid":{"rendered":"http:\/\/egrowonline.com\/?p=27571"},"modified":"2022-08-31T01:24:04","modified_gmt":"2022-08-31T01:24:04","slug":"bitcoin-dips-back-below-us20000-ether-falls-in-boxed-in-crypto-market","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=27571","title":{"rendered":"Bitcoin dips back below US$20,000, Ether falls in boxed-in crypto market"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Bitcoin fell back below US$20,000 after moving above that resistance line on Tuesday, while Ether also lost ground in early morning trading in Asia on Wednesday amid signs broader macroeconomic concerns are keeping a lid on cryptocurrency markets.<\/p>\n<p><strong><em>See related article:<\/em><\/strong><a target=\"_blank\" href=\"https:\/\/forkast.news\/headlines\/markets-bitcoin-holds-gains-ether-avalanche-surge-solana-jumps\/\" rel=\"noopener\"><strong><em> <\/em><\/strong>Markets: Bitcoin holds gains; Ether, Avalanche surge; Solana jumps<\/a><\/p>\n<h2>Fast facts<\/h2>\n<ul>\n<li>Bitcoin fell 2.5% in the past 24 hours to US$19,796 as of 8 a.m. in Hong Kong, while Ether lost 1.9% to US$1,523, according to<a target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/\" rel=\"noreferrer noopener nofollow\"> data from CoinMarketCap<\/a>. Both of the leading tokens have fallen more than 7% in the past week.<\/li>\n<li>Cardano was the only token in CoinMarketCap\u2019s top 10 by market capitalization to make any headway, trading up 0.3% to US$0.45, and reducing its losses over seven days to about 2%.<\/li>\n<li>Leading memecoin Dogecoin posted the largest decline at 3.7% to US$0.061, while fellow memecoin Shiba Inu token \u2014 which sits just outside the top 10 \u2014 also fell 2.5% to US$0.00001218. Dogecoin is down about 9% over a week and Shiba Inu is off 7%.<\/li>\n<li>Some minor coins saw gains: Cosmos added 4% to US$11.90 and Flow gained 5% to US$2.<\/li>\n<li>U.S. equities continue their downward spiral overnight as last Friday\u2019s tough remarks by the U.S. Federal Reserve on fighting inflation makes higher interest rates more likely ahead. The Dow Jones Industrial Average lost 1%, while the S&amp;P 500 Index and the Nasdaq Composite Index both ended the day off 1.1%.<\/li>\n<li>As the U.S. is the world\u2019s biggest economy and home to the largest financial markets, its moves on interest rates set the tone for all other markets, even as China has cut rates amid a broad economic slowdown and Japan is sticking with its ultra-low rate policy.<\/li>\n<\/ul>\n<p><strong><em>See related article:<\/em><\/strong><a target=\"_blank\" href=\"https:\/\/forkast.news\/what-did-voyager-do-with-your-crypto-money\/\" rel=\"noopener\"><strong><em> <\/em><\/strong>What in crypto hell just happened to all your money?<\/a><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/forkast.news\/headlines\/market-bitcoin-below-20000-ether-crypto\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin fell back below US$20,000 after moving above that resistance line on Tuesday, while Ether also lost ground in early morning trading in Asia on Wednesday amid signs broader macroeconomic concerns are keeping a lid on cryptocurrency markets. See related article: Markets: Bitcoin holds gains; Ether, Avalanche surge; Solana jumps Fast facts Bitcoin fell 2.5% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":27572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[40],"tags":[50,10823,62,238,369,897,219,10822],"class_list":["post-27571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-bitcoin","tag-boxedin","tag-crypto","tag-dips","tag-ether","tag-falls","tag-market","tag-us20000"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/Bitcoin1-1-1260x841.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/27571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27571"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/27571\/revisions"}],"predecessor-version":[{"id":27573,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/27571\/revisions\/27573"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/27572"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27571"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}