Today looks like another very bleak day for the Bitcoin price. This also means altcoin prices will continue to drop quite a bit over the next few hours. Right now, we are looking at a 6.91% Bitcoin price decline over the past 24 hours. Although people are still buying Bitcoin, the price is slowly going down toward the $4,250 mark. It is possible will see a trend reversal later today, to say the least.
It is never all that appealing to see the Bitcoin price drop further after a few days of downward momentum. Although a dip during the weekend is not surprising by any means, the momentum usually reverses during the first few days of next week.
Today will not necessarily be one of these days, as the downward momentum continues unabated. Right now, the Bitcoin price hovers around $4,340 and it looks like it may keep dropping for quite some time to come.