News > Bitcoin has extended its record-breaking decline to below $19,000

Bitcoin has extended its record-breaking decline to below $19,000

Techly360 | 19/06/2022 08:31 AM | Click to read full article

Bitcoin plunged below $19,000 for the first time since December 2020 as evidence of deepening stress within the crypto industry keeps piling up against a backdrop of monetary tightening. 

The latest leg down pushed Bitcoin below $19,511, the high the coin hit during its last bull cycle in 2017, which it reached at the end of that year. Throughout its roughly 12-year trading history, Bitcoin has never dropped below previous cycle peaks.