Bitcoin fell to a 6-month low today (January 22) as the price dropped 10.37% to settle at $36,557.17.
The sharp decline in the price of Bitcoin comes after the Dow fell by 450 points amid volatile trading. The stock markets continue their negative movement this year with S&P500 (YTD -7.73%), the DOW (YTD -5.7%), and the NASDAQ (YTD -11.99%).
This Bitcoin nosedive has made traders scream. As a result, more than $726 million worth of futures traders’ portfolios have been liquidated in the last 24 hours. This is the largest cleanup since January 7, 2021.
In addition, the Russian Central Bank has indicated that it may ban cryptocurrencies. In addition, after the protests in Kazakhstan, which are still having an impact on Bitcoin.
The Spot Market is Closed
Saturday, January 22, 2022