🔥The price of #Bitcoin drops below 40k
The price of Bitcoin falls below $40,000 for the first time since December of last year, as the euphoria over the newly approved #ETF Bitcoin spot is apparently beginning to subside.
After Bitcoin reached close to $49,000 a day after approval, it was unable to maintain the selling pressure, and began to fall ever since.
Despite having fallen below 40k, it is still above last year's levels at this time in January, more than double.
If the fall below 40k materializes, Bitcoin would be looking for the next bottom level, which will be waited to see where it goes. Remember that we are months away from the Bitcoin halving, another of the important events for the crypto ecosystem.
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