Bitcoin (BTC) failed to hold short-term support at $40,000 as sellers maintained the two-month long downtrend.Intraday oversold signals were not enough to sustain bids, which means longer-term indicators are more reliable to determine bitcoin’s price direction.BTC was trading around $38,000 at press time and is down about 10% over the past 24 hours.The slowdown in upside … [Read more...] about Bitcoin Sell-Off Deepens Below $40K; Minor Support Nearby
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Bitcoin market cap back below $1 trillion as correction deepens
As Bitcoin markets begin to form another daily red candle, its market capitalization has dropped back below $1 trillion once again.The third major correction in the current bull market is deepening and prices are already down 12.5% from their all-time high of $60,100 on March 13.According to CoinGecko, the BTC market capitalization is currently $980 billion, having dropped $140 … [Read more...] about Bitcoin market cap back below $1 trillion as correction deepens