• 28/02/2024 11:29

Bitcoin fell below $40 thousand level

Bitcoin on Tuesday, January 23, was trading at $39 thousand. Last week, the first cryptocurrency entered a bearish trend and finally failed the psychological mark.

Bitcoin has fallen below the $40 thousand level

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As CoinMarketCap data show, breaking down the 40 thousand mark has occurred yet on the evening of January 22 and after that the trend did not change.

Bitcoin fell through the $40 thousand level

Bitcoin price dynamics over the last week/Source: CoinMarketCap

Traditionally, Bitcoin is followed by other cryptocurrencies. This is the situation observed in the market.

Bitcoin failed the $40 thousand level

Source: Cryptorank

As analysts note, the negative sentiment of traders could have been influenced by the information that appeared on the evening of January 22 — investors sold GBTC shares worth over $2 billion, with 22 million shares worth about $1 billion sold by the FTX cryptocurrency exchange.

Recall that in early January, the SEC approved a dozen applications from companies for Bitcoin ETFs.

Recall that in early January, the SEC approved a dozen applications from companies for Bitcoin ETFs.

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minfin.com.ua

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