Bitcoin has been losing steam and struggling to clear the $35,000 level, for a second straight day.
Over the recent weeks, the mainstream cryptocurrency has undergone a lot of volatility, hitting a near $42,000 only to pull back. Industry experts have pinpointed the $40,000k level as a crucial mark that needs to be cleared by Bitcoin if it wishes to continue its bullish trajectory.
New presidential shift triggers BTC downfall
While some have speculated that Bitcoin will undoubtedly rise to new heights, backed by a wave of institutional investors touting the cryptocurrency as an ideal inflation hedge, others have speculated that Bitcoin was caught in bubble territory, echoing a déjà vu representative of the 2017 collapse. Currently, Bitcoin is trading at $34,857.38 on