received heavy beating in last 24 hours, with Bitcoin moving towards further drop since January as rising borrowing rates reduce investors’ appetite for riskier assets.
According to CoinGecko report, Bitcoin faced a steep selloff to the point it erased the $39,000-mark, by trading at $38,042.81, dropping 1.5% lower on Sunday.
The largest cryptocurrency by market value rose as much as 3.2% to $40,366, just days after dropping to a six-week low of less than $38,000 just two days ago.