Bitcoin has fallen below $20k which it had been holding for a while with the community hoping for a price reversal. Currently, Bitcoin is trading at $19,227 on the leading European Bitstamp platform, printing a long red hourly candle which pushed the price 6.58 percent down. Three days back, the US Fed Reserve once again hiked the interest rate to tame the country's growing inflation, when the consumer price index went up 8.6 percent.