Breaking: Bitcoin (BTC) Falls Under $4,000, Bottom Calls Ramp Up

BItcoin (BTC) Falls Under $4,000 Support On A Dime

After days of stagnating at the $4,200 price level, on Saturday afternoon (EST), Bitcoin (BTC) suddenly fell under $4,000, a highly-touted level of support for the cryptosphere’s foremost asset. It wasn’t clear why this bout of selling pressure occurred, but within minutes, sell-side orders pushed BTC (on Coinbase) under $4,200, then $4,100, then $4,000, all the way to $3,800, where the digital asset is situated at the time of writing.

Although this is worrying, in the short-term, it seems that a temporary floor (of sorts) has been found at $3,800, another key level mentioned by crypto traders incessantly. Again, while many have speculated, it is unclear whether there was a catalyst that triggered this sudden loss of support, sending BTC plummeting into its third freefall in a week’s time.

Still, many believe that this rapid 10% loss can be chalked up to a number of supposed catalysts: the aftermath of the Bitcoin…