Bitcoin’s recent nosedives continued in the past 24 hours, and the asset slipped to a 17-day low of around $42,000.
It was just several days ago when bitcoin was fighting to reclaim $47,000 and spiked above that level twice within a 48-hour period.
Both attempts were rejected rather rapidly, but the second one was met with a more violent correction.
It bounced off from that line and spiked to $44,000, but that turned out to be a fake breakout, and bitcoin went south once again.
Ethereum is among the more modest losers, with a 1.5% decline on a daily scale.
Binance Coin, Ripple, Polkadot, Shiba Inu, and CRO have slipped by less than 5%.