The cryptocurrency market continues to be untypically calm, with bitcoin failing to make a decisive move while still standing above $40,000. Most of the altcoin space is in a similar position, except for Filecoin, which soared by double digits.
Bitcoin Stands Still at $40K
It was just over ten days ago when the primary cryptocurrency failed at $47,000 and started its gradual descent. In a matter of days, the asset found itself dropping to $45,000 and $43,000.
Somewhat expectedly, BTC also lost the January 2021 ATH of $42,000 before the situation worsened on April 12. At that point, bitcoin dumped beneath the coveted $40,000 for the first time in about a month.
It reacted well to this decline and bounced off to around $42,000, but it was rejected there. As such, it fell to $40,000 on Friday and has remained above that level ever since. As of now, BTC stands there again, meaning that its market capitalization is still way below the $800 billion mark.
BTCUSD. Source: TradingView
Filecoin
We współpracy z: https://cryptopotato.com/market-watch-holidays-consolidation-as-btc-stagnant-at-40k-fil-soars-11/
