Bitcoin attempted to surpass 60 thousand dollars yesterday but was halted and fell to its lowest monthly value below 56 thousand dollars. Altcoins followed the lead of the largest cryptocurrency with significant declines, while ethereum fell below 2400 dollars, and bnb below 510.
The decline of bitcoin continues
It can be said with certainty that bitcoin has seen better days. In fact, last Monday it attempted to break 65 thousand dollars, but its inability to do so resulted in a continuous price drop. Initially, bitcoin fell to 58 thousand dollars on Wednesday, but somewhat recovered by the end of the week and even challenged 61 thousand dollars on Thursday.
However, it failed again and fell below 60 thousand dollars over the weekend. Monday started with a slight recovery towards 57 thousand dollars, but bulls managed to intervene and reversed the asset’s trajectory.
In fact, bitcoin jumped to 59,600 dollars on Tuesday morning, but that was its peak for the week. It lost a thousand dollars almost immediately, but the situation worsened earlier today when it fell to its lowest monthly value of 55,600 dollars (on Bitstamp), leaving millions in liquidation.
