Bitcoin and ETH both fell to their lowest level in over three weeks on Monday, as a red wave passed through crypto markets. As of writing, BTC and ETH are trading between 2% and 5% lower, while the overall crypto market cap is down 3.75%.
Bitcoin
Bitcoin extended its recent decline on Monday, as prices fell for the fifth session in the last seven to start the week.
Following a high of $43,376.38 less than 24 hours ago, BTC/USD fell to an intraday low of $41,055.79 earlier today.
This drop pushed prices below the long-term support level of $42,000, taking the asset to a three-week low in the process.
As seen on the chart, this is the first time since March 22 that BTC has traded below this floor, and the drop comes as another support point was broken.
This being that of the 14-day RSI, which saw the 43.55 floor finally cave in, after holding firm during the weekend.
As of writing, this indicator is now tracking at 40, which is its lowest point in two months, and should it continue to
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