Bitcoin was rejected above $44,000 and dropped by over a grand in the following hours. The altcoins have also turned red, with Ethereum struggling to remain above $3,000 and other daily drops from Binance Coin, Cardano, Solana, and more.Roughly a week ago, bitcoin charted a five-week high at nearly $46,000 before the bears came to the party and pushed it south by $4,000. Consequently, the asset found itself dipping beneath the 50-day moving average later this week..
Since then, BTC fluctuated a bit around $44,000 with a few drops to $43,000. As of now, though, the cryptocurrency stands just over the latter. Nevertheless, its market capitalization is still above $800 billion. This price dip comes despite the most recent news of growing adoption among legacy financial companies, with the latest example coming from the New York Stock Exchange, whichDid you like this market update?
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