Bitcoin whales started selling as BTC dipped to $37,000

Bitcoin continues to gradually lose value with another price slump to around $37,000. Most alternative coins are also suffering, with ETH dipping beneath $2,400 and BNB close to dropping below $350.

Just a few days ago, the situation with the primary cryptocurrency seemed significantly more promising. The asset was riding high above $40,000 for the first time in nearly a month and even spiked to north of $41,000.

However, it failed to maintain such a high price line and started to lose traction somewhat rapidly. It dropped below $40,000 initially, but the bears kept the pressure on, resulting in another slide to about $38,000 as reported yesterday.

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