Bitcoin Fell Below $40,000
Jan, 2024

Bitcoin Fell Below $40,000

The news regarding Bitcoin ETF was enough to stop the surging trend for Bitcoin and brought craziness in the market.


The majority of market analysts were expecting another surge after the successful news, the buyers sold on the news and take their profits from the previous periods.


Today, Bitcoin fell below $40,000, with daily volume around $30 billion while the capitalization reached $777 billion.


Respectively, Ethereum plummeted more than 5 %, landing just above $2,200, with capitalization around $16 billion.


As it looks, the market waited for this event to liquidate the positions from market makers and investors that believe the new cycle will be late.


The new hype will bring Bitcoin in a new surging mode from another story…….


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