Bitcoin fell for the third consecutive day on Wednesday by 2.37%, reaching $40,867.
The total market value of cryptocurrencies declined for the third consecutive day on Wednesday, with a current valuation of $1.53 trillion, after seeing a decline of 2.44%.
Earlier, Bitcoin was anticipated to continue its rise until 2024, reaching new all-time highs of more than $100,000 per token, according to CNBC, citing industry analysts.
This year, the digital asset has increased by more than 160%, trading at $44,200 on Saturday, up from $16,500 at the start of the year.
“It appears that 2023 was a year to prepare for the upcoming run. However, the attitude is really positive for 2024 and 2025,” Ledger CEO Pascal Gauthier told CNBC.
In November 2021, Bitcoin reached a new high of approximately $69,000. However, approximately $1.4 trillion was taken out of the crypto market last year as a result of industry bankruptcies.
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