Bitcoin price nosedives below $40,000 on bloody Monday, BTC price recovery likely on the horizon
After a market-wide bloodbath that led to a correction in cryptocurrencies with a large market capitalization, the price of Bitcoin plummeted to a low of $39,400 on Monday. However, there are indications of a potential recovery in the asset as BTC made a comeback above the psychological level of $40,000 on Tuesday. On-chain metrics are also showing positive signs for Bitcoin’s future trajectory.
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