Bitcoin was rejected at $43,000 once again, and the bears pushed the asset to and below $42,000. Most altcoins are also deep in the red, with ETH close to $3,100. The total market cap is down to just over $1.9 trillion.It was just a week ago when the primary cryptocurrency was attempting to overcome $47,000 but failed on both occasions. Just the opposite, the asset started to lose value gradually and slipped to $45,000 a day later.
The bears kept control over the market and pushed it south again. At first, BTC dropped to $44,000 before it plummeted to $43,000, which became its lowest price point in more than two weeks. In the following few days, bitcoin remained stuck between $43,000 and $44,000. However, its inability to climb above the latter meant more trouble. This time, it fell to $42,000 asIt bounced off hours later and briefly exceeded $43,000, but the bears came back to play and drove it south below the January 2021 ATH of $42,000, where it’s currently situated as well. As such, its market capitalization has slid below $800 billion for the first time in nearly three weeks.
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