WILL THE BITCOIN DECLINE & CRYPTO BLOOD BATH CONTINUE?

Bitcoin prices continue decline, Ethereum, Dogecoin down as well. Bitcoin prices continue to fall in early Monday morning trading as the cryptocurrency continues the decline it begun last week.

Bitcoin was trading at $35,075, down 1.5% Monday, while rival cryptocurrency Ethereum stood at nearly $2,400 (-3.76%) and Dogecoin traded at 13.4 cents (-6.49%), respectively.

Bitcoin, the largest cryptocurrency, was on track for its worst weekly performance in eight months, Coindesk reported.

The report said Bitcoin’s price was down 19% in the past seven days – the cryptocurrency's worst weekly performance since May 2021, when fears of China's renewed crackdown on cryptocurrency trading and mining sent the market reeling, and tweets by Tesla CEO Elon Musk focused public attention on the Bitcoin blockchain network's potential environmental harms.