Bitcoin, Ethereum Technical Analysis: BTC Drops to 2-Week Low Below $40,000
Losses in cryptocurrency markets extended on Friday, with bitcoin falling to multi-week lows in the process. Ethereum was also lower during the session, whilst the global crypto market cap was down 3.70% as of writing. Bitcoin Bitcoin was down for a third consecutive session, as recent bearish pressure continued to intensify on the world’s largest cryptocurrency. Following a high of $43,327.99 on Thursday, BTC/USD fell below $40,000 during today’s session, and is down nearly 7% as of writing. The move saw BTC hit an intraday low of $39,633 (as of writing), sending prices....
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