The crypto market is in the red once again, with Fantom leading the adverse trend following a double-digit price drop.
Bitcoin saw another price drop, this time dipping to a weekly low of $37,500. The altcoins are also once again in red, with Ethereum down to $2,500 and SOL losing over 5%. Fantom has dropped the most after reports claiming that Andre Cronje will be leaving the cryptocurrency space.Approximately a week ago, bitcoin initiated an impressive leg up that resulted in a $6,000 surge in a few days after the Western powers said they will not get directly involved in the war between Russia and Ukraine.
This led to a few consecutive days of price declines before, eventually, bitcoin dumped below the coveted $40,000 line. In the past 24 hours, the asset attempted to challenge that level but was stopped in its tracks.drove it to a weekly low of $37,500 before recovering several hundred dollars to just over $38,000.This is all you need not to miss any price action in the raging crypto markets.
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