It becomes increasingly unlikely this Sunday will end on a high note for the top cryptocurrency markets. The culprit is not hard to find, as Bitcoin’s dip drags everything down with it. This drop below $5,300 is not entirely surprising over the course of the weekend, albeit it remains to be seen when the Bitcoin price will recover this time around.
Bitcoin Price Downtrend Was to be Expected
Despite a solid week of semi-bullish momentum, it seems Bitcoin has finally hit some sort of minor roadblock along the way. Although there is nothing to be overly concerned about yet, it is possible the losses may mount slightly over the next few hours. As long as BTC remains above $5,200, few people will express their concerns, as there is an equal chance the market will bounce back pretty quickly.
To put this in perspective, the current Bitcoin price is down by 0.99% over the past 24 hours. A deficit nonetheless, although one that only brings the value down to $5,283. Although that level may not necessarily hold, it is not the major…