BTC price action obliterates latecomers betting on continued upside as Bitcoin analysts and miners alike breathe a sigh of relief.
Bitcoin (BTC) starts a key week for macro markets with a bump as the weekly close gives way to a sharp 7% BTC price correction.
In a fresh bout of volatility, the largest cryptocurrency broke down toward $40,000, reaching its lowest levels in a week.
Arguably long overdue, Bitcoin’s return to test support nonetheless caught bullish latecomers by surprise, liquidating almost $100 million in longs.
