Bitcoin (BTC) is under pressure once again, with the leading cryptocurrency briefly falling to a four-week low of $22,408 on Thursday morning before recovering to around $22,715 by press time, according to CoinGecko. Today’s drop follows Bitcoin’s strong performance in January, when BTC surged nearly 40% since the start of the year, raising investors’ hopes for a new bull run. Bitcoin’s market capitalization fell by about $10 billion as a result of the recent price action.
