The price of Bitcoin fell below $44,000, and many altcoins followed suit. Ethereum struggled to maintain its value around the $3,000 mark while other cryptocurrencies dropped even further, including Cardano, Solana, BNB, and many more. Bitcoin is trading below the 50-day moving average for the first time in five weeks, after briefly reaching a high near $4600 last week. However, the cryptocurrency’s price has fallen back down to earth with a drop of over $4,000 in a week. Related Reading | How Fears Of A Possible Russian Invasion Of Ukraine Is Impacting Bitcoin Yesterday, the price of bitcoin jumped past $44,000. It even neared $45,000 last night before being stopped in its tracks again by the level’s challenge. The cryptocurrency market has seen some fluctuation recently, with Bitcoin standing just over $44,000 and a few drops to $43,000. However, despite this drop in value, it’s still worth more than 800 billion dollars. This price dip seems misguided with the recent news that legacy financial companies are adopting cryptocurrencies. There has been so much growth in adoption just last week when it was announced by none other than New York Stock Exchange, which wants its own crypto brokerage at some point soon. Altcoins On The Way Down The crypto market has been volatile lately, with most coins declining in value. For example, Ethereum went as high as $3200 but failed to continue upwards. Now, it fights...
