Bitcoin Slips Under the $40,000 Mark

[DEAD7]

Bitcoin Slips Under the $40,000 Mark


The popular cryptocurrency sold off sharply this morning, while rival tokens like ether also lost value. Currently worth $39,831 per coin, bitcoin is off 4.3% and ether 5.1%, according to Coinbase data. While it is always risky to cover price changes in the crypto world, the fall in the value of bitcoin has crossed the threshold from notable to material. Yahoo Finance indicates that bitcoin's recent all-time high saw the cryptocurrency trade as high as $68,789.62 per coin. Today's price puts bitcoin's current drawdown at just over 42%. That's twice the swing required for bitcoin to have entered a technical bear market, and four times what it would need to meet the requirements of a correction.

 

[FaTaL]

lets see how far it falls, hopefully not too much

 

[DEAD7]

lets see how far it falls, hopefully not too much

I think it will continue to fall.
The transaction fees are just too high for it to remain #1

If you hold any, you should really consider selling... i think its run is over

 

[ADevilYouKhow]

Let’s catch those falling knifes

 

[jerniebert]

And just like that it's back at $44k.

 

[Pressure]

I think it will continue to fall.
The transaction fees are just too high for it to remain #1

If you hold any, you should really consider selling... i think its run is over

It's going to spike during midterms. It's a money laundering mechanism

 

[GnauzBookOfRhymes]

pump dump pump dump pump dump

 

[NZA]

no more cheap money going into the economy. big players have to meet their margin requirements somehow...

 

[Nate]

i expect 31k

19k is possible

markets have order, I hope no one over exposed at the top. gotta do 74% to get back up, not impossible but it’s gonna take time

 

[gho3st]

I think it will continue to fall.
The transaction fees are just too high for it to remain #1

If you hold any, you should really consider selling... i think its run is over

Do people even know what they’re taking about? There’s a 300$ Difference between ask and sell price on VOYAGER. Only 300$… if that shyt falls under 40K again you’d be a fool not to buy

 

[DEAD7]

Do people even know what they’re taking about? There’s a 300$ Difference between ask and sell price on VOYAGER. Only 300$… if that shyt falls under 40K again you’d be a fool not to buy

We will see…