First Mover Asia: Bitcoin Slides Under $42K; Altcoins Fall

Bitcoin continued to slide, falling under $42,000. The largest cryptocurrency by market capitalization has been languishing well off last week's high as investors worry about dicey macroeconomic conditions, including supply chain issues, the ongoing coronavirus pandemic, rising inflation and a slump in technology markets."The market is digesting a number of things," Osprey Funds founder and CEO Greg King told CoinDesk TV on Wednesday.

King noted the impact of inflation on the economy, which he said"nibbles away at your purchasing power over long periods of time," and highlighted the correlation between the recent decline in tech stocks and crypto. The tech-heavy Nasdaq fell 1.1% and is off over 10% from its all-time high November. Shifts of more than 10% are thought of as market corrections. The S&P 500 and Dow Jones Industrial Average both dropped nearly 1%.

The cryptocurrency is down about 4% over the past week, although multiple oversold readings suggest buyers could remain active into the Asia trading day.

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First Mover Asia: Bitcoin Is Off on US Holiday and Could Fall FurtherBitcoin, the largest cryptocurrency by market capitalization, fell below $42,000 on Monday. Ether dropped under $3,200, while most of the other leading altcoins stayed in the red. JPRubin23 reports JPRubin23 markets down, heres a pic a snowboarder eating shit on a halfpipe lmao 😂 yall are so fkn AUT JPRubin23 Obviously, keep it pumping but it wasn't an easy task to learning the routes on trading . MarcoRibeirof made it more easier to understand and have made over 10.000$ in space of 7 days interval. Follow him MarcoRibeirof JPRubin23 Vì shit coin mãi mãi là shit coin. Nó sẽ trở về với giá trị thực của nó
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