The bears continue to put pressure on the crypto market as bitcoin dropped below $40,000 for the first time in two weeks. The altcoins are also deep in red once again, with Ethereum sliding beneath $2,800 and massive price drops from Solana, Avalanche, MATIC, and others.
Bitcoin Struggles Around $40K
It was just three days ago when the landscape around the largest cryptocurrency seemed significantly more bullish. The asset had recovered from its latest dips to $42,000 and actually challenged $45,000, however, to no avail.
The bears came back to the scene and gradually pushed BTC south to around $44,000 before the situation worsened on Thursday and Friday.
In a matter of hours, bitcoin slid by around $4,000, thus breaking below the January 2021 ATH of $42,000. Initially, the coveted $40,000 mark maintained but BTC dumped below it hours later and went all the way down to $39,500 for the first time since early February.
As of now, bitcoin has reclaimed some ground and stands around $40,00
We współpracy z: https://cryptopotato.com/bloody-weekend-watch-btc-fights-for-40k-eth-dumps-below-2-8k/
