Bitcoin falls below key $40k threshold amid continued sell off
Bitcoin falls below key $40k threshold amid continued sell offThe decline to around $40,000, Bitcoin's lowest level since mid-December of the previous year, has been driven by a sustained sell-off amid a series of macroeconomic and market-specific factors.
Happy Tuesday!The global crypto market cap is $1.53 trillion, with a 24-hour volume of $78.09 billion. The price of Bitcoin is $39,372.94, and BTC market dominance is 50.3%. The price of Ethereum is $2,219.74, and ETH market dominance is 17.4%. The best-performing sector is Jobs, which gained 21%. The Crypto Fear & Greed Index is currently Neutral (50). Top News
Bitcoin falls below key $40k threshold amid continued sell offThe decline to around $40,000, Bitcoin's lowest level since mid-December of the previous year, has been driven by a sustained sell-off amid a series of macroeconomic and market-specific factors. Bitcoin tumbles under $39,000 triggering $115M liquidation in 1 hourThe crypto market appears shaken as Bitcoin and Ethereum prices tumbled to new local lows. Bitcoin ETFs expected to launch in Hong Kong by mid-2024Multiple firms are looking to launch spot Bitcoin ETFs within the coming months now that Hong Kong has softened its stance toward the industry. Latest Insights
More NewsWhy is so much old and hodled Bitcoin on the move but UTXOs and exchanges remain unaffected?CryptoSlate analysis found large Bitcoin transactions linked to ETF activity driving up CDD and A2VR. Crypto investment products see first outflows of the year amid Bitcoin’s ‘very high trading volumes’High-cost ETF issuers in the United States have reported substantial outflows from their funds since spot BTC ETFs were launched. Tornado Cash developers to receive funding from new legal defense DAOFundraisers brought in over $68,000 during the first several hours. Prominent crypto lawyer criticizes SEC overreach in Ripple lawsuit, advocates for financial freedomCrypto lawyer John Deaton deems SEC's lawsuit against Ripple an attack on personal liberties, highlighting the broader fight for financial freedom in America. Bearish Bitcoin leads to tumble in crypto stocks, with Coinbase taking a hitJPMorgan downgraded Coinbase shares to underweight because of the current market conditions.
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