Earlier today, Bitcoin (BTC) finally moved past its crucial resistance of $40,000 levels and is currently trading 2.39% up at a price of $40,350 with a market cap of over $750 billion. As per the on-chain data provider, the Bitcoin price hit its 3-week high and a recent push above $40,000 with a massive exchange
Bitcoin price today slumped by over 10% to record a new weekly low of $32,279. The flash crash was attributed to rumors about the FBI allegedly hacking private keys to the Bitcoin wallet associated with Colonial Pipeline ransomware hackers, raising security concerns. However, the on-chain metrics are still signaling bullish despite the recent price slump.