The cost to purchase one Bitcoin (BTC) has dropped almost 10% in the last seven days and has been eyeing extended declines as it drops below $40,000, its interim psychological support, on Jan. 10.
Nonetheless, the losses suffered by Bitcoin still appear less than that of some of its top crypto rivals' performances. For instance, Cardano (ADA), the seventh-largest cryptocurrency by market valuation, has dropped by nearly 11% to around $1.15 in the last seven days.
ASX/USD vs. AXS/BTC daily price chart. Source: TradingViewAXS/USD daily price chart featuring its potential downside targets. Source: TradingViewAAVE/USD vs. AAVE/BTC daily price chart. Source: TradingViewAAVE/USD daily price chart featuring its interim support and resistance targets. Source: TradingViewIOTA/USD vs. IOTA/BTC weekly price chart. Source: TradingViewIOTA/USD daily price chart featuring its interim support and resistance targets. Source: TradingView
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