"Crypto Market Volatility: Bitcoin Slides Below $40K, Traders Await Sub-$40K"

1 min read
Source: CoinDesk
"Crypto Market Volatility: Bitcoin Slides Below $40K, Traders Await Sub-$40K"
Photo: CoinDesk
TL;DR Summary

Bitcoin's price has dropped below $40,000, marking a nearly 20% decline from its post-ETF surge, with spot exchange-traded funds seeing significant inflows but also substantial outflows from other products. The trend has turned bearish, with 10x Research predicting a decline towards $38,000, a forecast that seems to be materializing faster than expected.

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