Bitcoin Slumped 6% Following Two Green Weeks (Market Watch)

After charting a new 11-week high above $42,600, bitcoin has cooled off slightly by retracing to around $40,000. Most altcoins have also calmed since the weekend, with ETH down to $2,600 and BNB dipping beneath $340.
Bitcoin Slides 6% Since the Weekend Top
The primary cryptocurrency went on a roll during the weekend after the brief drop to $38,300 on Friday. As Saturday entered, though, it charted an impressive candle in which it added roughly $4,000 of value to $42,400.
Despite retracing by several hundred dollars in a few hours shortly after, the bulls kept pushing it north, and BTC spiked above $42,600. This became its highest price tag since the mid-May market crash.
However, the asset failed to continue upwards and dropped to $39,200 earlier today. Despite bouncing off since then, bitcoin still trades below $40,000 and is still about 6% down since the most recent top.
Nevertheless, BTC is up by more than $10,000 in the past two weeks, and on-chain data suggests that its longer-ter

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Źródło: https://cryptopotato.com/bitcoin-slumped-6-following-two-green-weeks-market-watch/

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