{"id":9007,"date":"2022-09-20T15:47:43","date_gmt":"2022-09-20T15:47:43","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/09\/20\/bitcoin-btc-dips-under-19000-more-volatility-likely-ahead\/"},"modified":"2022-09-20T15:47:43","modified_gmt":"2022-09-20T15:47:43","slug":"bitcoin-btc-dips-under-19000-more-volatility-likely-ahead","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/09\/20\/bitcoin-btc-dips-under-19000-more-volatility-likely-ahead\/","title":{"rendered":"Bitcoin (BTC) Dips Under $19,000, More Volatility Likely Ahead"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/bitcoin-btc-dips-under-19000-more-volatility-likely-ahead\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>Soon because the U.S. fairness markets opened on Tuesday, Bitcoin takes a dive below $19,000 as soon as once more. As of press time, the S&amp;P 500 is 1.25% and Bitcoin sharing a better correlation with the index places some promoting stress on the world\u2019s largest cryptocurrency.<\/p>\n<div class=\"quads-location quads-ad90952 \" id=\"quads-ad90952\" style=\"float:none;margin:0px 0 0px 0;text-align:center;padding:0px 0 0px 0;\">\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=647x80;setID=509734\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"647\" height=\"80\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"647\" height=\"80\"\/><\/noscript><\/a>\n<\/div>\n<p>As of press time, Bitcoin is buying and selling 1.2% down at a value of $18,946 and a market cap of $362 billion. As mentioned, Bitcoin continues to point out a better correlation to the S&amp;P 500 and the 60-day correlation coefficient is at 0.72, simply wanting the May excessive. A coefficient of 1 signifies that the property are shifting in lockstep, nevertheless, a unfavourable coefficient means they&#8217;re shifting in the other way.<\/p>\n<figure id=\"attachment_122044\" aria-describedby=\"caption-attachment-122044\" style=\"width: 620px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-122044\" alt=\"\" width=\"620\" height=\"349\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/09\/20195620\/Bitcoin-SP-correlation.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-122044\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/09\/20195620\/Bitcoin-SP-correlation.jpg\" alt=\"\" width=\"620\" height=\"349\"\/><\/noscript><figcaption id=\"caption-attachment-122044\" class=\"wp-caption-text\">Courtesy: Bloomberg<\/figcaption><\/figure>\n<p>Speaking to Bloomberg about Bitcoin, John Porter, CIO and head of equities at Newton Investment Management, mentioned:<\/p>\n<blockquote>\n<p>\u201cRight now, it is very much a proxy for beta in the market. Crypto\u2019s going through growing pains right now. We just don\u2019t know what it\u2019s going to be when it grows up, if you will.\u201d<\/p>\n<\/blockquote>\n<h3>More Bitcoin Volatility Ahead<\/h3>\n<p>The U.S. Federal Reserve shall be saying an rate of interest hike on Wednesday, September 21, and so buyers are bracing for additional volatility. The Fed is set to convey down the excessive inflation and therefore shall be pulling liquidity out of the market with rate of interest hikes.<\/p>\n<p>But regardless of this, MicroStrategy \u2013 the most important company BTC holder continues to make recent purchases. Tagus Capital\u2019s Ilan Solot <a rel=\"nofollow noopener\" href=\"https:\/\/www.bnnbloomberg.ca\/bitcoin-dips-back-below-19-000-as-risk-off-sentiment-worsens-1.1821191\" target=\"_blank\">said<\/a>:<\/p>\n<blockquote>\n<p>\u201cMarkets \u2014 both crypto and broader \u2014 are in full macro risk mode ahead of the FOMC this week. I don\u2019t think MicroStrategy\u2019s purchase moves the needle much. A chunk of the leverage longs, especially in ETH, has been cleared out. So that\u2019s a better technical position, but we still need a positive catalyst to make a difference in sentiment.\u201d<\/p>\n<\/blockquote>\n<p>It shall be fascinating to see whether or not BTC will contact the June lows of $17,500. It all will depend on how the U.S. fairness markets carry out going forward.<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA122043\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nBhushan is a FinTech fanatic and holds  aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in the direction of the brand new rising Blockchain Technology and Cryptocurrency markets. He is repeatedly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and generally discover his culinary expertise.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD122043\">\n<p> The offered content material might embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any accountability in your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/bitcoin-btc-dips-under-19000-more-volatility-likely-ahead\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Soon because the U.S. fairness markets opened on Tuesday, Bitcoin takes a dive below $19,000 as soon as once more. As of press time, the S&amp;P 500 is 1.25% and Bitcoin sharing a better correlation with the index places some promoting stress on the world\u2019s largest cryptocurrency. As of press time, Bitcoin is buying [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[1382,20,31,1197,1080],"class_list":["post-9007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-ahead","tag-bitcoin","tag-btc","tag-dips","tag-volatility","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/9007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=9007"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/9007\/revisions"}],"predecessor-version":[{"id":9008,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/9007\/revisions\/9008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/9009"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=9007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=9007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=9007"}],"curies":[{"name":"wp","href":"https:\/\/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