Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Bitcoin falls again, last down 4%

ForexJan 22, 2022 06:05PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su

(Reuters) -Bitcoin dropped again on Saturday and was last down around 4% for the day, hovering around the $35,000 level.

Bitcoin, the world's biggest and best-known cryptocurrency, is now about half its $69,000 peak in November. It was last at $35,049, after falling as low as $34,000 and following a steep fall on Friday.

The currency has had wild price swings and has been hit as risk appetite has fallen on inflation fears and anticipation of a more aggressive pace of interest rate hikes from the U.S. Federal Reserve.

Other risk assets have fallen with stocks falling on Friday. The S&P 500 and Nasdaq recorded their biggest weekly percentage drops since the start of the pandemic in March 2020.

In a research note on Friday, Edward Moya, senior market analyst for the Americas at OANDA, said bitcoin was falling as "crypto traders de-risk portfolios following the bloodbath in stocks" and in advance of next week's Federal Reserve policy meeting.

"Bitcoin remains in the danger zone and if $37,000 breaks, there is not much support until the $30,000 level," Moya wrote on Friday.

Ether, the coin linked to the ethereum blockchain network, dropped 6.7% to $2,396 on Saturday.

Bitcoin falls again, last down 4%
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (9)
Dickson Assery
Dickson Assery Jan 24, 2022 12:26PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
i think this is what wecall pump and dump market
Alan Rice
Alan Rice Jan 23, 2022 3:44PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Should be upside resistance at (whatever the last "quote" was). Time to place your bet ??
Marcus Bennett
Marcus Bennett Jan 23, 2022 11:10AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
no one can afford to lose $8,000 in just 3days. take a look at how much was lost in 6days!!! holder need to explore the cryptocurrency market
ZS Beck
ZS Beck Jan 22, 2022 8:46PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I have one question, why the B is gold plated? This idea was that.Mind as well use a roll of toilet paper with a B sign.
Jsh Jsh
Jsh Jsh Jan 22, 2022 8:46PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
funny, you can sit with toilet paper with a B written on together with other toilet paper with £, €, $, ¥ written on :)
Rajesh Mm
Rajesh Mm Jan 22, 2022 6:02PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Bitcoin is in correction phase... this may come to 18000 level in coming weeks... as per technical chart...
Peter ONeill
Peter ONeill Jan 22, 2022 6:02PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
If drops below $30,000 there is no proven support levels until $18,000 and after that all the way back down to $11,000....If SEC / Fed Reserve upcoming thoughts on cryptocurrency is as bad as has been rumored... can see both levels potentially being challenged
Empire Destroyer
Empire Destroyer Jan 22, 2022 6:02PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Peter ONeill gap at 12k 🤣🤣
Steffen vdm
Steffen vdm Jan 22, 2022 3:46PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Has the president of El Salvador been informed already?
adriaan kuhn
adriaan kuhn Jan 22, 2022 3:46PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
he bought 410 coins more poor el salvadorians
Chad RicherThanYou
Chad RicherThanYou Jan 22, 2022 3:37PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Bitcoin is literally nothing. I will continue to stack gold and silver
Dividend Collector
Dividend Collector Jan 22, 2022 1:55PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
did I hear digital gold? inflation Hedge? Store of value? Did anybody predict Bitcoin at 100k at the end of 2021?..... People were even insanely predicting that Bitcoin would be the world's reserve currency. What were they thinking?
Edward Chong
Edward Chong Jan 22, 2022 1:55PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
haha thoughts are free.
Connecticut Yankee
A_Jaundiced_Eye Jan 22, 2022 1:55PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
"What were they thinking?" I know exactly what they were thinking: "If we can pump it up to $100K, then when I dump it, I'll be rich !!!"
Edmund Tan
Edmund Tan Jan 22, 2022 1:55PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
they are also thinking the earth is flat... same insanity
Wajid Ali
Wajid Ali Jan 22, 2022 1:52PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email