After the relatively calm weekend, in which BTC stood primarily around $23,000, the asset took a dip south and dropped to a 6-day low. The altcoins are also deep in the red today, with ETH, SOL, and MATIC plunging by more than 5%.
Bitcoin Slips Below $22K
It was just several days ago – last Wednesday – when bitcoin jumped above $24,000 to mark its highest price point in over a month. As the bulls were getting more excited about the prospect of bringing down the $25,000 line as well, though, the situation changed.
The cryptocurrency lost over $2,000 in a day as it became known that Tesla had sold off most of its BTC holdings in Q2. Initially, the asset recovered some ground and entered the weekend at $23,000, where it spent most of the following two days.
However, the bears regained control over the market hours later and pushed BTC south hard. As a result, the cryptocurrency fell by over $1,000 and dumped to a 6-day low of under $22,000.
As of now, bitcoin still struggles there, and...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...