{"id":10291,"date":"2024-01-23T10:57:08","date_gmt":"2024-01-23T10:57:08","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=10291"},"modified":"2024-01-23T10:59:38","modified_gmt":"2024-01-23T10:59:38","slug":"bitcoin-falls-below-39000-will-the-decline-continue","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-falls-below-39000-will-the-decline-continue\/","title":{"rendered":"Bitcoin Falls Below $39,000! Will the Decline Continue?"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:114\">After the fluctuations in the <a href=\"https:\/\/coinengineer.net\/blog\/cryptocurrency-scams-the-mythisland-incident-and-security-strategies\/\" target=\"_blank\" rel=\"noopener\"><strong>cryptocurrency<\/strong><\/a> market, Bitcoin fell below the $39,000 level, worrying investors.<\/p>\n<p data-sourcepos=\"5:1-5:274\">Bitcoin continued its downward trend, trading below $39,000, as a result of the general market volatility in recent days, the official bankruptcy filing of <strong>Terraform Labs<\/strong> in the US state of <strong>Delaware<\/strong>, and the insistence of major investment firms in the US on selling Bitcoin.<\/p>\n<p data-sourcepos=\"7:1-7:341\">While this decline has affected the overall trajectory of the cryptocurrency market, experts emphasize the importance of investors being cautious and aware of the movements in the market. Despite the uncertainty in the market, many investors are reviewing their long-term strategies, keeping in mind the future potential of cryptocurrencies.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"swlryuFRpW\"><p><a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-and-cryptocurrencies-status-update-january-23rd\/\">Bitcoin and Cryptocurrencies Status Update! \u2013 January 23rd<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Bitcoin and Cryptocurrencies Status Update! \u2013 January 23rd&#8221; &#8212; Coin Engineer\" src=\"https:\/\/coinengineer.net\/blog\/bitcoin-and-cryptocurrencies-status-update-january-23rd\/embed\/#?secret=Wmxbv0AynU#?secret=swlryuFRpW\" data-secret=\"swlryuFRpW\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p data-sourcepos=\"9:1-9:146\">The first support level for Bitcoin is <strong>$37,800<\/strong>. If it cannot find support from the $39,000 level, it will look for support from the <strong>$38,000<\/strong> level.<\/p>\n<hr \/>\n<div id=\"chat-history\" class=\"chat-history-scroll-container ng-tns-c1304298479-2 ng-trigger ng-trigger-resetChat show-bottom-shadow\">\n<div class=\"conversation-container ng-tns-c1304298479-2 visd-patch ng-star-inserted\">\n<div class=\"ng-tns-c3288265132-24\">\n<div class=\"response-container ng-tns-c3311575876-25 response-container-has-multiple-responses\">\n<div class=\"presented-response-container ng-tns-c3311575876-25\">\n<div class=\"response-container-content ng-tns-c3311575876-25\">\n<div class=\"response-content ng-trigger ng-trigger-responsePopulation ng-tns-c3311575876-25 ng-animate-disabled\">\n<div class=\"markdown markdown-main-panel\" dir=\"ltr\">\n<p><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a> for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>After the fluctuations in the cryptocurrency market, Bitcoin fell below the $39,000 level, worrying investors. Bitcoin continued its downward trend, trading below $39,000, as a result of the general market volatility in recent days, the official bankruptcy filing of Terraform Labs in the US state of Delaware, and the insistence of major investment firms in<\/p>\n","protected":false},"author":1,"featured_media":10292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,58,3809,3837,2868],"class_list":["post-10291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-cryptocurrency","tag-delaware","tag-general-market","tag-terraform-labs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Falls Below $39,000! 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