The price of bitcoin slid to 18,707 dollars around 01:20 (Moscow time) on June 19, according to data from the cryptocurrency exchange Binance. This marks a retreat from the widely watched level of 19,000 dollars, a threshold not breached since late November 2020. Since the start of June 2022, the world’s leading cryptocurrency has been on a downward trajectory, after trading above 31,000 dollars earlier in the month.
By the morning of June 18, at 9:55 am (Moscow time), bitcoin had touched about 19,450 dollars, representing a roughly 6.57% decline. The downward momentum persisted into the next hour, with the rate at 10:05 (Moscow time) showing a drop of about 7.22%, placing the quote near 19,342 dollars.
Earlier in the week, on Monday, June 13, bitcoin had fallen further after a brief rally, dipping back below a notable psychological milestone around 25,000 dollars. This move had a ripple effect, bringing a number of alternative cryptocurrencies along in the broader market decline.
Analysts have provided several reasons for the recent pullback in the digital asset, with inflation in the United States cited as a primary factor. A second driver noted by economists is the tightening of monetary policy by major central banks, especially the U.S. Federal Reserve and the European Central Bank. A third consideration focuses on market events around stablecoins, including the collapse of the UST project, and how those incidents have shaped investor sentiment toward risk assets in the broader crypto space.
Market commentators emphasize that the interplay of macroeconomic pressure, central bank policy expectations, and structural issues within certain crypto tokens has created a challenging environment for bitcoin and the broader cryptocurrency market. Some analysts highlight that the behavior of stablecoins and related liquidity dynamics can add further volatility during periods of stress, influencing price moves across digital assets. As investors weigh macro signals and on-chain data, the outlook for bitcoin remains sensitive to shifts in policy guidance and risk appetite in global markets. [Market analysts] [Crypto researchers]