{"id":487926,"date":"2022-04-12T06:21:20","date_gmt":"2022-04-12T06:21:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=487926"},"modified":"2024-06-11T14:19:04","modified_gmt":"2024-06-11T14:19:04","slug":"bitcoin-price-plummets-below-40000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/","title":{"rendered":"Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations"},"content":{"rendered":"

Bitcoin fell 15% in the last 24 hours, plunging below $40,000 for the first time since middle of March. Meanwhile, Ethereum was down 14%, retreating below the $3,000 level for the first time since March 22.<\/p>\n

BTC was trading at $39,783 at the time of writing, while Ether (ETH) fell to $2,978.54, according to Coingecko data.<\/p>\n

Investors are weighing the prospects of rising interest rates, skyrocketing inflation, and global commerce being disrupted as a result of Russia’s attack on Ukraine, among other factors.<\/p>\n

Suggested Reading | What\u2019s Next For Bitcoin As Prices Encounter Difficulty Reclaiming $43,000?<\/a><\/em><\/strong><\/p>\n

Bitcoin Retreats To Monthly Low<\/h2>\n

Faced with the threat of further rate hikes by the US Federal Reserve, Bitcoin, along with stocks, is sliding to a monthly low. Hundreds of millions of dollars worth of liquidations have occurred as a result.<\/p>\n

Market experts believe that the central bank’s balance sheet reductions are exerting downward pressure on stocks and risk assets, with Bitcoin potentially losing allure.<\/p>\n

Decentrader co-founder filbfilb concurred with these severe headwinds, stating that the Fed’s action will have an effect on the BTC price trend “for months to come.”<\/p>\n

Lesser Exposure To Speculative Assets<\/h2>\n

Investors appear to be decreasing their exposure to speculative assets, such as stocks and cryptocurrencies, in response to fears about inflation and slowing economic development.<\/p>\n

Additionally, the 10-year Treasury yield increased to a fresh three-year high of 2.77% on Tuesday, lowering the present value of high-priced technology equities.<\/p>\n

Bitcoin, which has generally been reasonably connected with the pricing of other cryptocurrencies, has recently become more correlated with stock prices.<\/p>\n

<\/p>\n

BTC total market cap at $765.42 billion on the weekend chart | Source: TradingView.com<\/a><\/pre>\n
Suggested Reading | Price Of Bitcoin Retreats Under $42,000 As Enthusiasm From Miami Event Fizzles<\/a><\/em><\/strong><\/p>\n
Last month, the cryptocurrency asset’s price correlation with the S&P 500 reached 0.50, with -1 indicating that they move in complete opposition to one another and 1 indicating that they move in perfect sync.<\/p>\n
According to Arcane Research data, it was the highest rate since October 2020.<\/p>\n
Nydig, a Bitcoin-focused asset manager, noted in a note to investors:<\/p>\n
“Bitcoin investors continue to be concerned about rising interest rates and the prospect of tighter monetary conditions.”<\/p><\/blockquote>\n
Looming Crypto Meltdown<\/h3>\n
On Sunday, BitMEX founder Arthur Hayes warned of a “coming crypto carnage” and projected that both Bitcoin and Ether would continue to plummet far further.<\/p>\n
The billionaire investment banker-turned-crypto mogul predicted that Bitcoin and Ether will “bottom well before the Fed moves” and reverses course on its tightening policies.<\/p>\n
Hayes anticipated that the two leading cryptocurrencies would touch the $30,000 and $2,500 levels by the end of June.<\/p>\n
Within 24 hours, Coinglass reports that roughly $440 million has been liquidated across the broader crypto market. This totals over 140,000 trades, one of which resulted in a $10 million loss on a single trade.<\/p>\n
Featured image from Medium, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"
Bitcoin fell 15% in the last 24 hours, plunging below $40,000 for the first time since middle of March. Meanwhile, Ethereum was down 14%, retreating below the $3,000 level for the first time since March 22. BTC was trading at $39,783 at the time of writing, while Ether (ETH) fell to $2,978.54, according to Coingecko data. Investors are weighing the prospects of rising interest rates, skyrocketing inflation, and global commerce being disrupted as a result of Russia’s attack on Ukraine, among other factors. Suggested Reading | What\u2019s Next For Bitcoin As Prices Encounter Difficulty Reclaiming $43,000? Bitcoin Retreats To Monthly Low Faced with the threat of further rate hikes by the US Federal Reserve, Bitcoin, along with stocks, is sliding to a monthly low. Hundreds of millions of dollars worth of liquidations have occurred as a result. Market experts believe that the central bank’s balance sheet reductions are exerting downward pressure on stocks and risk assets, with Bitcoin potentially losing allure. Decentrader co-founder filbfilb concurred with these severe headwinds, stating that the Fed’s action will have an effect on the BTC price trend “for months to come.” Lesser Exposure To Speculative Assets Investors appear to be decreasing their exposure to speculative assets, such as stocks and cryptocurrencies, in response to fears about inflation and slowing economic development. Additionally, the 10-year Treasury yield increased to a fresh three-year high of 2.77% on Tuesday, lowering the present value of high-priced technology equities. Bitcoin, which has generally been reasonably connected with the pricing of other cryptocurrencies, has recently become more correlated with stock prices. BTC total market cap at $765.42 billion on the weekend chart | Source: TradingView.com Suggested Reading | Price Of Bitcoin Retreats Under $42,000 As Enthusiasm From Miami Event Fizzles Last month, the cryptocurrency asset’s price correlation with the S&P 500 reached 0.50, with -1 indicating that they move in complete opposition to one another and 1 indicating that they move in perfect sync. According to Arcane Research data, it was the highest rate since October 2020. Nydig, a Bitcoin-focused asset manager, noted in a note to investors: “Bitcoin investors continue to be concerned about rising interest rates and the prospect of tighter monetary conditions.” Looming Crypto Meltdown On Sunday, BitMEX founder Arthur Hayes warned of a “coming crypto carnage” and projected that both Bitcoin and Ether would continue to plummet far further. The billionaire investment banker-turned-crypto mogul predicted that Bitcoin and Ether will “bottom well before the Fed moves” and reverses course on its tightening policies. Hayes anticipated that the two leading cryptocurrencies would touch the $30,000 and $2,500 levels by the end of June. Within 24 hours, Coinglass reports that roughly $440 million has been liquidated across the broader crypto market. This totals over 140,000 trades, one of which resulted in a $10 million loss on a single trade. Featured image from Medium, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":487928,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,83386,3,13625],"tags":[428,1119,6664,8323,1946],"class_list":["post-487926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-crypto","category-news","category-ethereum","tag-bitcoin","tag-btc","tag-crypto","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\nBitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations<\/title>\n<meta name=\"description\" content=\"Bitcoin fell 15% in the last 24 hours, plunging below $40,000 for the first time since middle of March. Meanwhile, Ethereum was down 14%, retreating below\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations\" \/>\n<meta property=\"og:description\" content=\"Bitcoin fell 15% in the last 24 hours, plunging below $40,000 for the first time since middle of March. Meanwhile, Ethereum was down 14%, retreating below\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-12T06:21:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:19:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Bitcoin-9.png?fit=1280%2C720\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations\",\"datePublished\":\"2022-04-12T06:21:20+00:00\",\"dateModified\":\"2024-06-11T14:19:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/\"},\"wordCount\":452,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Bitcoin-9.png?fit=1280%2C720\",\"keywords\":[\"bitcoin\",\"btc\",\"crypto\",\"ETH\",\"ethereum\"],\"articleSection\":[\"Bitcoin\",\"Crypto\",\"Cryptocurrency Market News\",\"Ethereum\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/\",\"url\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/\",\"name\":\"Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Bitcoin-9.png?fit=1280%2C720\",\"datePublished\":\"2022-04-12T06:21:20+00:00\",\"dateModified\":\"2024-06-11T14:19:04+00:00\",\"description\":\"Bitcoin fell 15% in the last 24 hours, plunging below $40,000 for the first time since middle of March. Meanwhile, Ethereum was down 14%, retreating below\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Bitcoin-9.png?fit=1280%2C720\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Bitcoin-9.png?fit=1280%2C720\",\"width\":1280,\"height\":720,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\",\"name\":\"Christian Encila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"caption\":\"Christian Encila\"},\"description\":\"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/ktsl888.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations","description":"Bitcoin fell 15% in the last 24 hours, plunging below $40,000 for the first time since middle of March. Meanwhile, Ethereum was down 14%, retreating below","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations","og_description":"Bitcoin fell 15% in the last 24 hours, plunging below $40,000 for the first time since middle of March. Meanwhile, Ethereum was down 14%, retreating below","og_url":"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-04-12T06:21:20+00:00","article_modified_time":"2024-06-11T14:19:04+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Bitcoin-9.png?fit=1280%2C720","type":"image\/png"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/"},"author":{"name":"Christian Encila","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations","datePublished":"2022-04-12T06:21:20+00:00","dateModified":"2024-06-11T14:19:04+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/"},"wordCount":452,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Bitcoin-9.png?fit=1280%2C720","keywords":["bitcoin","btc","crypto","ETH","ethereum"],"articleSection":["Bitcoin","Crypto","Cryptocurrency Market News","Ethereum"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/","url":"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/","name":"Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Bitcoin-9.png?fit=1280%2C720","datePublished":"2022-04-12T06:21:20+00:00","dateModified":"2024-06-11T14:19:04+00:00","description":"Bitcoin fell 15% in the last 24 hours, plunging below $40,000 for the first time since middle of March. Meanwhile, Ethereum was down 14%, retreating below","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Bitcoin-9.png?fit=1280%2C720","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Bitcoin-9.png?fit=1280%2C720","width":1280,"height":720,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80","name":"Christian Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-plummets-below-40000\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Bitcoin-9.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Bitcoin-9.png?fit=1280%2C720"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","crypto","eth","ethereum"],"dateCreated":"2022-04-12T06:21:20Z","datePublished":"2022-04-12T06:21:20Z","dateModified":"2024-06-11T14:19:04Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Plummets Below $40,000 As Crypto Market Tallies $440 Million In Liquidations\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-plummets-below-40000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-plummets-below-40000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/Bitcoin-9.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/Bitcoin-9.png?fit=1280%2C720\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"crypto\",\"eth\",\"ethereum\"],\"dateCreated\":\"2022-04-12T06:21:20Z\",\"datePublished\":\"2022-04-12T06:21:20Z\",\"dateModified\":\"2024-06-11T14:19:04Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/04\/Bitcoin-9.png?fit=1280%2C720","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/487926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=487926"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/487926\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/487928"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=487926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=487926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=487926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}