Bitcoin price is falling again after it started making a positive turn at the beginning of July. The entrance into the second half of 2022 seemed to revive most cryptocurrencies. There was a sudden rise in value for several tokens, with the world’s largest crypto asset almost taking the lead.
Bitcoin hit the $25,000 level within the past few weeks, but such performance is not sustainable. On consecutive days this week, BTC lost hundreds of dollars in value as the price crawls back to around $23,000.
The broader market is struggling through the downward path as many altcoins are dipping. The cumulative market cap lost up to $50 billion through the price drop from digital assets.
During last week, BTC dipped to the $22,000 mark. Then, it suddenly regained the momentum to cross the $25,000 level. Finally, Bitcoin even traded above $25,200, which stood as its highest price for over two months.
While the price couldn’t make a further upward move, it stalled on the level for several...
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