Share this article
Bitcoin Dips Below $19K, Hitting Lowest Point in Two Months
The price fell to $18,680 on Tuesday, a point not seen since late June.
By Jocelyn Yang
Updated May 11, 2023, 3:46 p.m. Published Sep 6, 2022, 9:49 p.m.
Make us preferred on Google
Bitcoin (BTC) tumbled by the most in two weeks, falling below $19,000.
The price drop came after a 10-day stretch during which bitcoin traded right around the $20,000 mark.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The largest cryptocurrency by market capitalization had struggled to overcome what appeared to be price resistance at $21,000.
The bitcoin price fell as low as $18,680, its lowest point since June 30. As of 5:29 p.m. ET, the cryptocurrency was trading around $18,991, down 3.7% over the past 24 hours, according to the CoinDesk Bitcoin Price Index.
“Each failed attempt (to breach the resistance zone just above $20,000) increased the likelihood of a test of the bottom of the price range” near $18,000, Joe DiPasquale, CEO of crypto hedge fund manager BitBull Capital, told CoinDesk via a text message.
The S&P 500 slipped 0.41% Tuesday as traders worried the Federal Reserve could stay aggressive in its campaign to tamp down inflation in the U.S.
Bitcoin often trades down when there’s heightened speculation of more hawkish monetary policy.
“From a technical perspective, the price remains in line with our projections, and we would be looking to accumulate between here and $15,000,” DiPasquale said.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Bitcoin and ether volatility trading gets easier with Polymarket's new contracts
Polymarket has launched new prediction markets tied to Volmex's bitcoin and ether 30-day implied volatility indices.
What to know:
- Polymarket has launched new prediction markets tied to Volmex's bitcoin and ether 30-day implied volatility indices, allowing users to bet on how high volatility will get in 2026.
- The contracts pay out if volatility indices reach or exceed a preset level by Dec. 31, 2026, letting traders wager on the intensity of price swings rather than market direction.
- Early trading implies roughly a one-in-three chance that bitcoin and ether volatility will nearly double from current levels.
Top Stories
