Bitcoin Continued To Decline And Almost Reached $40,000
Bitcoin is experiencing significant selling pressure. On Thursday, its price fell 3.45% to below $41,000, extending Bitcoin's weekly losses to more than 10%. At the same time, the daily minimum was $40,631.
The negative dynamics of Bitcoin affected the shares of cryptocurrency-related companies. Coinbase and MicroStrategy ended the trading day down 7% and 2%, respectively. Miners CleanSpark and Marathon Digital each lost more than 6%, Riot Platforms fell 5%, and Iris Energy fell 8%. Experts note that the unrealized profit of short-term Bitcoin holders in December was 48%, and this week it dropped to 16%.