Bitcoin Falls Below $20,000 As Market Remains In Red

BTC price encounters a fall again due to these events.

Bitcoin registered a notable fall of around $19,000 on Sunday after maintaining a streak of $20,000 the whole week.

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The most prominent cryptocurrency witnessed this fall because of two reasons.

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Jerome Powell has stated in his latest statement that Federal Reserve will continue its monetary hawkish behavior adopted earlier this year.

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Powell gave a clear indication of the FED raising rates further.

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On the other hand, Mt.Gox has postponed the dump of 140,000 Bitcoins which might create downward price pressure on the crypto coin.

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The reason stated for this by Mt.Gox was the delay by the claimants over the nature of the repayment.

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At the time of writing, Bitcoin recorded a fall of 1.22% in the last 24 haourrs pricing at $19,841 as per CoinMaketCap.

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