Bitcoin dumped once more yesterday to a new monthly low of under $40,500, but it reacted well and dumped above $42,000 hours later.
The altcoins continue to be quite sluggish, with little to no movements, aside from LINK, which has jumped by around 5%.
BTC’s Declines
The primary cryptocurrency had two completely different weeks. Last week, it soared past $49,000 on the day that 11 spot BTC ETFs reached the US markets and dumped by more than three grand later. The landscape worsened as Friday was coming to an end. Overall, BTC had lost over $7,000 in about 36 hours in what turned out to be a sell-the-news event.
After recovering some ground and reaching $43,000 during the weekend, the asset calmed and traded sideways for almost a week. However, another price decline occurred yesterday when Bitcoin dropped below $41,000 and then to $40,400 (on Bitstamp) for the first time in over a month.
It managed to bounce off and even soared past $42,000 briefly, but the overall negative sentiment
We współpracy z: https://cryptopotato.com/bitcoin-defends-41k-level-chainlink-gains-5-daily-weekend-watch/
