Bitcoin trims its losses after breaking below $39,000 to lowest level in 7 weeks
Publishing timestamp: 2024-01-23 12:59:55
Summary
Bitcoin's price has fallen below $40,000, reaching its lowest level since December. The decline is attributed to short-term selling pressure from exits from Grayscale Bitcoin Trust. Despite this correction, analysts believe that a new all-time high for bitcoin is still possible this year. The rest of the crypto market is also experiencing a decline, and crypto-related equities are under pressure.
Sentiment: NEGATIVE
Tickers: ETH.CM=, XRP.CM=, COIN, DOGE.CM=, MARA, BTC.CM=, RIOT, SOL.CM=, MSTR,
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Source: https://www.cnbc.com/2024/01/23/bitcoin-breaks-below-39000-as-post-etf-tumble-continues.html