Bitcoin’s price today is 41,945.85 USD, with a 24-hour trading volume of 22.82 B USD. BTC is up 0.28% in the last 24 hours. It is currently -5.38% from its 7-day all-time high of 44,330.92 USD, and 1.81% from its 7-day all-time low of 41,201.65 USD. BTC has a circulating supply of 18.93 M BTC and a max supply of 21.00 M BTC.
Bitcoin price remained in a bearish zone below the USD 42,000 level. BTC even traded close to USD 41,000 before correcting higher. It is currently (04:18 UTC) trading near USD 42,000, but there is a crucial resistance forming near USD 42,500.
Similarly, most major altcoins are facing hurdles. ETH must clear USD 3,200 to start a steady recovery. XRP stayed above the USD 0.72 support level. ADA is facing an increase in selling pressure below USD 1.40.
After a break below USD 42,000, bitcoin price extended decline. BTC even traded below the USD 41,200 zone, but downsides were limited. It is now recovering and trading above near USD 42,000. An immediate resistance is near the USD 42,200 level. The next major resistance is near USD 42,500, above which the price might start a steady increase.
On the downside, an initial support is near the USD 41,250 level. The next major support is near USD 40,500, below which there is a risk of more losses.