- Bitcoin appears vulnerable to further losses after bearish wedge break to start the week - Rising popularity in other cryptocurrencies may have begun to eat away at Bitcoin’s popularity - Initial support might reside at $50,000 followed by the coin’s recent swing lows
These altcoins have been catching investors' attention as of late.
The value of dogecoin (DOGE) plummeted from record highs after Elon Musk’s Saturday Night Live (SNL) appearance, disappointing investors who tried to push the coin to $1 (£0.72).
"I hate the Bitcoin success, and I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth," said the billionaire.
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