Bitcoin continues to lose value gradually by dumping to just over $38,000. Most altcoins bleed out even more.
Bitcoin’s troubles only intensified in the past 24 hours as the asset dropped by a few thousand dollars again to a 16-day low of $38,000. The altcoins are deep in the red as well, with Ethereum at $2,600, Cardano well below $1, and AVAX beneath $80.It’s safe to say that bitcoin has seen better days which weren’t all that long ago. Just on Tuesday and Wednesday, the cryptocurrency recovered from its latest dump to $42,000 andHowever, it failed to continue upwards as the bears came out to play.
Although initially it managed to maintain that level, the bears kept the pressure on and drove it below it for the first time since early February, as yesterday. The landscape worsened in the following hours, and bitcoin dropped to just over $38,000, which became the new lowest two-week price point. As such, bitcoin’s market capitalization has declined to $725 billion after nearing $850 billion days ago.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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