Bitcoin continued to lose value in the past 24 hours and dipped toward a five-day low of under $41,000. The altcoins are also in the red once more with substantial price losses from Ethereum and Solana, while ATOM is the only one in green again.
Bitcoin Slipped Below $41K
On February 28, bitcoin initiated its largest daily green candle in over a year by surging by about $6,000 and touching $45,000 after the US and most other Western nations said they will not get involved in the Russia-Ukraine war directly.
After that, BTC even spiked above the aforementioned line briefly and registered a new 3-week high. However, it failed to conquer that level decisively as the bears returned to the scene.
In the following days, the cryptocurrency started to lose value gradually, resulting in a price drop below $41,000 hours ago. As of now, the asset has reclaimed some ground and stands above that level, but it’s still down by approximately 4% on a 24-hour scale.
Consequently, its market capitalization has slipped beneath $800 billion. It’s worth noting that the metric…