WHATS KEEPING BITCOINS PRICE BELOW 42000 IN SPITE OF 330 MILLION OUTFLOWS

Its Price Dropped Dramatically During

Bitcoin Falls Below $42,000 Under Selling Pressure

Bitcoin dropped by more than 7% to under $42,000 before rebounding to $42,781 as of press time. In adherence to the Trust Project guidelines, BeInCrypto is

Its price dropped dramatically during the past week, from US$49,000, the peak it reached two years ago, to around US$42,000, or roughly 15%, Bitcoin is now the

The Premier Cryptocurrency Fell Below

The premier cryptocurrency fell below $42,000 on Friday, January 12, reflecting a decline of 7% in the past 24 hours. The underwhelming performance of the Bitcoin price since BTC spot ETFs

Here’s Why Bitcoin Price Fell To Below $42,000 Following ETF

But there may be a 20% fall in the Bitcoin network’s hashrate after the BTC halving, which would lower the central point of its estimated production cost range to $42,000

As Per The Chart

As per the chart, Large Holders NetFlow (addresses holding over 0.1% of BTC’s circulating supply) were down by 123% for the week, hinting that most address groups

Bitcoin price slips below $42,000 as short-term holders take profit

Bitcoin is seeing an an early-week price correction, with the digital asset slipping below $42,000 on Monday. According to analysis from ETC Group, the price

If The Price Can Rebound

If the price can rebound back to $45,000, then BTC might retest 49,000 or even trend higher to $52,000. But that possibility seems unlikely in the coming days as selling

Bitcoin’s Sudden Decline: Causes and Future Outlook

Bitcoin (BTC) Is Likely to Fall Below $42,000, Here’s Why

What's keeping Bitcoin's price below $42,000 in spite of $330

Bitcoin Price Drops to US$42k; What's the Reason? - Analytics Insight

What Caused Bitcoin Price to Fall Below $42,000 - BeInCrypto

Bitcoin May Slump To $42K After The BTC Halving, JPMorgan Says