Bitcoin Slips Below $19,000 as Sentiment Remains Bearish

 Alex Dovbnya

Market Sentiment Remains Extremely Bearish as Bitcoin Slips Below Key $19,000 Level

Bitcoin price slipped to an intraday low of $18,962 on the Bitstamp exchange.

The world’s largest cryptocurrency is down 7.39% in the past eight days after hitting $20,469 on October 4.

The cryptocurrency is currently down 72.4% from its all-time high.

This week, investors and traders should expect more volatility. On Thursday, the Bureau of Labor Statistics will release the much-anticipated Consumer Price Index (CPI) printout for September. This will set the scene for the next US Federal Reserve rate hike.