Bitcoin Rally Evaporates as Price Tumbles Below $40K Friday Afternoon

Bitcoin Rally Evaporates as Price Tumbles Below $40K Friday Afternoon

It’s been quite the round trip for bitcoin this week, with the bulls encouraged by a dramatic move higher from midday Monday that carried the price from $38,000 to above $45,000 early Wednesday. The divergence from struggling stocks didn’t last long, though, and bitcoin’s hasty retreat has picked up steam this afternoon.

Originally Posted on: https://www.coindesk.com/markets/2022/03/04/bitcoin-rally-evaporates-as-price-tumbles-below-40k-friday-afternoon/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Brian Evans

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