The bears have returned to the crypto market and have pushed bitcoin south to around $45,000. The alternative coins, which flew high recently, have struggled even more. ETH is close to breaking below $3,000, ADA is just above $2, and BNB is down to $400.
Bitcoin Dropped to $44.5K
Ever since the Saturday retracement in which bitcoin dropped below $46,000, the cryptocurrency’s price performance seemed rather healthy.
In fact, BTC jumped and touched $48,000 on Sunday for the second time in just a few days. However, just as it happened in the previous attempt, the bears intercepted the move and didn’t allow any further increases.
Just the opposite, bitcoin started to decrease in value rapidly and dropped below $46,000 once more. After an initial recovery attempt that failed at $47,000, though, the situation worsened.
In the following hours, the asset started falling again and dropped all the way to $44,400 (on Bitstamp). After this 5-day low, it bounced off and is currently sitting aro
The Beginner’s Guide to Cryptocurrency Exchanges
In the wake of the much-ballyhooed public listing of Coinbase last month, many crypto-newcomers have been asking the…
