Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Jan / 23
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- Bitcoin Price “Mad Heavy,” Why A Detour To $30,000 Might Be Imminent
- Jan 23, 2024 at 04:34 am NewsBTC
- Over the weekend, Bitcoin (BTC) experienced a downturn and is poised to test crucial support levels. The selling pressure sparked by the approval of Bitcoin spot exchange-traded funds (ETFs) in the US led to the decline. Currently, BTC trades at $40,900 with a 2% loss within 24 hours. Expert predictions indicate a further drop below $40,000, potentially reaching $35,000. Declining market liquidity since the ETF approval, along with selling pressure from the Grayscale Bitcoin Trust (GBTC), contributes to the downward trend.
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