Bitcoin in the beginning of the week this time failed to stay above $ 38,000 with a loss of around $ 1,000. Altcoin as usual follows in the footsteps of BTC with worse losses, among those affected by tempias are Solana, Ripple, Polkadot, Terra and others.
Since last Thursday, the BTC price has slipped to $ 35,500 for the second time in two days and then showed signs of recovery when the BTC price rose to hit $ 37,000 a few days later.
BTC once again crossed $ 38,000 and maintained momentum at that level over the weekend by reaching a high price level of $ 38,700. However, it failed to maintain momentum and began to lose value. This caused the price of Bitcoin to decline further.
At the time of writing the BTC price recorded at the price level of $ 37,820, strengthening slightly at the daily low. Altcoin which initially showed hope over the weekend also suffered a similar nasih. Ethereum's price dropped to $ 3500 before rising again to $ 3600.
Terra (LUNA), which has often shown momentum against the BTC before, is now also plagued by large price losses. This is because it is embroiled in a decentralized finance project (DeFi) Wonderland and an individual named Michael Patryn.
Market players now expect the BTC price to redeem and maintain the $ 38,000 price level. Then back past $ 40,000 to maintain better momentum.
