Red Alert: Bitcoin Price Takes a Dive Below $9,400

    • Bitcoin crashes to $9,370
    • Altcoins fall even harder, except Link, which is in the green

    Bitcoin price dropped hard today, falling to $9,370, the lowest point on Sept. 24, so far. We started the day at $9,780 but soon dropped down to $9,500 and then below $9,400. At the time of writing, BTC has been trading at $9,530 with 24 hours loss of 3.44%.

    Trading volume, in response, surged to $893 million, rising from about $400 million seen last week.

    Source: TradingView

    As we come to end the Q3 of 2019, Bitcoin is finally looking to make its way to $8k that analysts and traders have been calling out for since Q2. We made a good start of the month, climbing to almost $11,000, only to drop down and struggle around $10,000.

    Since last week, BTC price has been looking to finally make a move and then on the weekend, Bakkt launched its much-anticipated physically delivered daily and monthly bitcoin futures.

    Before the launch, analysts have projected this week to see Bitcoin making a “big move” and decide the direction it will move in, for the coming weeks or months. Also, looks like we will finally get to see either $8,000 or much lower $7,000.

    Altcoins Goes Deep Red

    As Bitcoin crashes, altcoins fall even harder. EOS is leading the losses by 11.20% followed by BSV (10.88%), Stellar (10.19%), Tron (9.44%), Cardano (8.94%), and Ethereum (8.01%), as per Coincodex.

    Source: Coin360

    Links is the only coin among the top cryptocurrencies that is an exception to this red market, trading in the green by 5.50% at $1.95.

    Total market cap is ready to break the $250 billion mark while BTC dominance has gone back to just above 70%.

    Bitcoin (BTC) Live Price

    1 BTC/USD =$6,269.4917 change ~ -6.63%

    Coin Market Cap

    $114.68 Billion

    24 Hour Volume

    $6.66 Billion

    24 Hour VWAP

    $6.47 K

    24 Hour Change


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    AnTy has been involved in the crypto space full-time for over a year now. Before his blockchain beginnings, he worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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