Bitcoin drawn back toward $40k as market capitalization recovers $30 billion
Bitcoin’s price reclaimed the $40,000 threshold after trading below the mark during the last two days. According to CryptoSlate’s data, the top cryptocurrency spiked by around 4% during the last 24 hours, peaking at nearly $40,500 today, Jan. 24, before slightly retracing to $39,997 as of press time. Experts have attributed BTC’s poor performance during this period to selling pressure from the derivative market.
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