Mobile phone illustrations in Poland – 17 Feb 2020
(77WABC) — Bitcoin continued its fall Monday, dropping 5.2% over the past 24 hours to $32,940 in early trading hours.
This marks the fifth consecutive down day for Bitcoin, sending its market price to less than half of its all-time high of $69,000 in November. Ethereum, the second-largest crypto, also fell by 5% from the start of the weekend to $2,440.
Since Friday, Bitcoin has broken below its three-month rising trend line, falling out of the $35,000 to $46,000 range it has bounced between in the first few months of 2022. Analysts are now indicating the fall in prices could be the start of a new market trend, as Bitcoin’s valuation approaches the lowest level it has seen since July 2021.
