The adverse price developments continued in the past 24 hours, and bitcoin dropped below $40,000 for the second time this week. The alternative coins are also well in the red, at least most of them, but ApeCoin has defied the market sentiment and soared by double-digits.to almost $43,000, which became its highest price level in over ten days. This was a particularly impressive price tag because earlier this week, the asset had fallen to a monthly low beneath $39,000.
However, BTC was violently rejected at its local peak and reversed its trajectory almost immediately. In a matter of hours, the asset found itselfThe landscape worsened in the following hours, and bitcoin slumped below the coveted level and dumped to around $39,000. As of now, it has recovered a few hundred dollars, but it’s still beneath $40,000.
Consequently, bitcoin’s market capitalization has taken another hit and is down to $750 billion after briefly exceeding $800 billion earlier this week.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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