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Serious $10,000 Warning As Massive Meltdown Sends Bitcoin Crashing Under $20,000—Tanking The Price Of Ethereum, BNB, XRP, Solana And Cardano - FORBES

JUNE 18, 2022

BitcoinBTC -7.4with some traders' worst fears materializing.

The bitcoin price—dropping under the psychological $20,000 barrier that it first topped in late 2017 before entering a three-year bear market—has lost around $10,000 from its price since earlier this month as fears over Federal Reserve monetary tightening and the rising risk of a recession drag on asset prices across the board. Ethereum and other major cryptocurrencies BNBBNB -6.5XRP -3.5

Ahead of the latest crypto crash, billionaire investor Jeff Gundlach warned he wouldn't be surprised to see the bitcoin price fall further to hit $10,000—calling the trend in crypto "clearly not positive."


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