The cryptocurrency market overall is down at the time of writing this article. Bitcoin (BTC) is down approximately 5.3% in the last 24 hours and the rest of the market is showing read across the board as well.
The move follows Bitcoin’s latest brief trip above $12,000 resistance, a level which has so far failed to hold despite the attempt.
USD Coin (USDC)
Sell off during the beginning of the month are typical, given that is when bills are typically due.
Blockchain and cryptocurrency enthusiasts that understand the technology and understand the long term vision and implementation are not deterred by the pricing and actually remark on how they buy hen the market dips, to ride the price back up during the next appreciation wave.