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Bitcoin Slips Back Toward $40,000 as ETF Hype Simmers

From bnnbloomberg.ca

Bitcoin slipped closer to dipping below the $40,000 mark on Monday, as cryptocurrencies painted a sea of red despite a broader rally in traditional markets. The world’s largest virtual token declined as much as 3.4% by 7.30 a.m. in New York on Monday, hitting a low of $40,352 — just shy of its lowest point of 2024 recorded on Friday. Other cryptoassets were also in the red, with Ether down 4.1% and smaller tokens Solana’s SOL and Dogecoin down 3.9% and 2.1% respectively. The declines were in stark contrast to positive performance elsewhere, with global equities advancing on Monday and US futures pointing to another ... (full story)

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  • Category: Fundamental Analysis