Bitcoin falls below $19,000 again as pressure mounts on crypto firms

Bitcoin on Thursday fell below $19,000 as the world’s largest digital currency remains under pressure from macroeconomic worries and a liquidity crisis among high-profile crypto companies.

Bitcoin was last trading 5.7% lower at $18,978.60, according to Coin Metrics. The digital currency is down around 58% this year alone and has fallen about 72% from its all-time high of $68,990.90 that was hit in November.

“Bitcoin continues to be under pressure as other assets are. The mix of high inflation, rising interest rates and recession weigh on cryptocurrencies,” Yves Longchamp, head of research at digital asset-focused SEBA Bank, told CNBC via email.

Source: https://www.cnbc.com/2022/06/30/bitcoin-falls-below-19000-again-as-pressure-mounts-on-crypto-firms.html