Bitcoin price slides below $19,000

On Friday, October 21, bitcoin prices failed to hold above $19,000 and resumed their decline.

At the time of writing, Bitcoin was trading at $18,810. The drop over the last 24 hours was 1.8%, according to CoinGecko.

The second-largest cryptocurrency by market capitalization fell 2.3% over the last 24 hours. The current price is $1,266.

The flagship cryptocurrencies typically pulled the top-10 assets by market capitalization. At the time of writing, the biggest drop was Solana (SOL), down 6.3%.

The cryptocurrency market capitalization fell by 2.4%, to $937.3 billion. Bitcoin’s dominance index stood at 38.5%, Ethereum at 16.3%.

On October 13, bitcoin broke below the $19,000 level, testing a range below the $18,600 mark. This occurred amid investor expectations for the results of a new report from the U.S. Bureau of Labor Statistics.

In reaction to the data release, Bitcoin fell below $18,200.

On Oct. 7, after the US unemployment report Bitcoin price failed to hold above $20,000.

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