Bitcoin’s adverse price movements continue with the asset sliding below $42,000. Most of the altcoin space is in an even more gloomy situation, with substantial losses from Ethereum, Binance Coin, Avalanche, MATIC, LUNA, ATOM, and others.It’s safe to say that the past several days didn’t go all that well for the primary cryptocurrency. On January 15th, it spiked to just shy of $44,000 after an impressive leg up.
However, it failed to breach that level as the bears tightened their grip on the market. BTC first dropped to $43,000 hours later, before another price dump took it to around $42,000, asWhile bitcoin remained there for a while, and it seemed that it could hold on to that level, the bears pushed it south once more. In the following hours, BTC dropped to around $41,500, which was a weekly low.
It bounced off initially to above $42,000 but failed again and currently sits around that level. As a result, its market capitalization has declined below $800 billion.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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