Bitcoin (BTC) Price Dumped to 5-Week Low, Avalanche (AVAX) Slumps 10% Daily (Weekend Watch)

Bitcoin’s price struggles continued on Friday evening as the asset fell to its lowest position in more than five weeks, way below $64,000.After last week’s unsuccessful attempt to overcome $70,000, bitcoin headed straight south and slumped to $64,000 on Friday, which was a monthly low. The weekend was a lot less volatile, as expected, and the cryptocurrency remained at just over $65,000.to just over $66,500, but the bears came out and initiated another leg down.

More painful declines come from the likes of Chainlink, which has dropped by more than 4%, and Cardano, which has seen 3% of its value gone in a day.

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