The Bitcoin price fell below $41 thousand.
The Bitcoin (BTC) rate dropped by more than 3% on the night of January 19, immediately dropping to $40,704 against the stablecoin Tether USD (USDT) on the Binance exchange. Then BTC partially recovered its losses, and at 10:50 Moscow time the first cryptocurrency was trading at $41.6 thousand.
The January maximum for the price of Bitcoin was $48.9 thousand, the peak level was reached on January 11, on the first day of the launch of trading in shares of spot Bitcoin ETFs, after which the coin gradually became cheaper.
The second largest cryptocurrency Ethereum (ETH) adjusted to $2.46 thousand, having lost about 2.7% in price per day. The local maximum for âetherâ was reached on January 12 at $2,719, the rise in the price of the coin occurs against the background of investorsâ expectations of approval by US regulators of spot ETFs for Ethereum, applications for which were submitted by BlackRock, Grayscale and Fidelity Investments. The latter's application was temporarily rejected by the US Securities and Exchange Commission (SEC) on January 19.
Other coins from the top 10 by capitalization also fell in price over the past 24 hours. The Solana (SOL) token lost more than 6% in price within a day, Cardano (ADA), Dogecoin (DOGE) and Avalanche (AVAX) dropped from 3 to 6%.
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