Crypto Market Turns Red: Bitcoin Struggles at $42K (Market Watch)

After failing to overcome $43,000 on a few occasions since yesterday, bitcoin continues to struggle around its January 2021 ATH at $42,000. The alternative coins are also in the red today, with some more notable price dips from Ripple, Avalanche, and MATIC.Back on February 10th, bitcoin initiated an impressive leg up that resulted in charting a new five-week high of just under $46,000.

The cryptocurrency bounced off and tapped $44,000 but turned out to be a false breakout. BTC went straight south again and dipped below $42,000 for the first time in a week. As of now, the asset stands just over that line, which is where the 50-MA is situated. Its market capitalization stands at around $800 billion as a result.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

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