Will bitcoin price drop further?

Amidst the broad crypto market bloodbath, analysts have identified key metrics that indicate further drop in Bitcoin price. BTC price has consistently dropped after hitting an all-time high six months ago, hinting at the possibility of crypto winter.

Is bitcoin down 6%?

- Well, Bitcoin is slumping to its lowest level since July of 2021. As they fall in tandem with equities-- stocks falling again to start the week-- the crypto carnage has extended into Ethereum and Solana, as well. Let's take a look at where those are trading right now. There you go. That's the Bitcoin chart, down more than 6%.

Is the bitcoin price about to plummet to $28,000?

Bitcoin inflows from private wallets now account for 40% of total inflows across exchanges, signaling a rise in selling pressure. Analysts observe Bitcoin recently completed its sixth red weekly candle, and the price could plummet to $28,000.

What is the current price of bitcoin?

Bitcoin fell below $34,000 Monday morning, and is currently trading at around $36,011, Coin Metrics data shows. Ether is also tumbling, now priced at around $2,373.