The holidays came and went like a flash. Am I the only one thinking who invented work?
The crypto market didn’t sit and do nothing over the weekend as Bitcoin went to $28,000.
Bitcoin’s New Local Low
A lot can change in the cryptocurrency markets in the span of a few weeks. 10 days ago, bitcoin stood above $30,000 and even challenged $31,000 to mark its highest price point since June last year. However, the bears stepped up at that point and reversed the asset’s trajectory.
BTC fell below $30,000 days later and began losing value rapidly last week. This resulted in dropping to $27,500 by Friday and Saturday. After a few days of trading sideways, BTC attempted a price pump to $28,000 but was stopped after tapping that line.
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