Bitcoin traders flip their bias and cast downside BTC price targets in the low $30,000 zone.
The total crypto market capitalization dropped on Jan. 23 with the global market value falling from $1.6 trillion to $1.5 trillion, representing a 5.5% day-on-day decline.
While trading volumes rose by 55%, it is largely due to the sell-off in the market.
Bitcoin (BTC) price fell below $40,000 to trade at $38,521 on Jan. 23.