Crypto Consolidation Continues — Bitcoin’s Attempt to Rise Above Psychological Levels Falls Short

Crypto Consolidation Continues — Bitcoin’s Attempt to Rise Above Psychological Levels Falls Short


Digital currency markets have slid in value over the last 12 hours as the entire crypto-economy has lost over 7% during the last 24 hours. Bitcoin attempted to cross the $40k handle but was stopped at $39,490. Since then, bitcoin has dipped 7.3% during the early morning (EST) trading sessions on Friday.

Bitcoin $40K Attempt Stopped Short, Crypto Prices Remain Range-Bound Bitcoin (BTC) is down today after trying to surpass the psychological $40,000 region but was stopped short. BTC is down more than 7.3% today and is currently swapping for $35,890 per unit. The leading crypto asset BTC lost some steam after Elon Musk tweeted about the digital currency on Twitter by sharing some memes and a broken heart emoji. BTC/USD on Friday, June 4, 2021. 30 day stats show BTC is down 36% while three-month stats show bitcoin (BTC) has lost over 25%. The leading crypto asset’s all-time high above the $64k handle took place

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