Crisis: Bitcoin is falling dangerously below $ 40k

The main cryptocurrency in the market, bitcoin (BTC), investors feared this Monday morning, January 10th. For the first time since mid-September, it fell below $ 40,000 per unit.

While Bitcoin has grown rapidly to about $ 40,900, losing this low amount is a cause for concern for the future of the cryptocurrency. Especially considering that to see BTC at this level, you have to go back more than three months, to the middle of September last year.

After losing a minimum of $ 46,000, the cryptocurrency entered a critical support point. Talk to Michael van de Poppe about this upcoming support level between $ 41,000 and $ 42,000. This support is currently being tested.

At the current price, BTC has lost more than 13% of its price in the last seven days, according to data from Coingecko. During this same period, the market remained in the red and the major cryptocurrencies suffered the same fate as bitcoin.

Among the top 20 cryptocurrencies, terra (LUNA) was the hardest hit, falling about 26%. However, it is not the only one that suffers from depreciation more than 20%, which has suffered another 6 coins in the top 20. These include Ethereum ether (ETH) and BNB.