It was precisely a week ago when BTC’s late 2023 run culminated in a price surge to $44,700. This became the asset’s highest price tag in over a year and a half. However, the landscape started to worsen at that point.
Monday was particularly harmful as bitcoin dumped by over three grand in hours and slipped beneath $41,000. On Tuesday, the cryptocurrency slumped even further to a weekly low of $40,200.
The bulls tried to intercept these price drops and pushed BTC north to $43,000 amid the US CPI data and the latest FOMC meeting. The Ledger vulnerabilities delivered more enhanced volatility as BTC dumped and pumped by $1,500 in hours on Thursday.
Since then, though, bitcoin has been struggling to regain its momentum and now sits just inches above $42,000. Its market capitalization has declined to $825 billion, and its dominance over the alts is down to 51.6%.
