Bitcoin fails to hold $40K with traders still hoping for a BTC price relief bounce

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Bitcoin fails to hold $40K with traders still hoping for a BTC price relief bounce
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Blink and you'll miss it — Bitcoin says goodbye to $40,000 yet again.

At the time of writing, volatility was in evidence as bulls and bears tussled for $40,000, a level which had been beaten with April 25's uptick.

United States equities contributed to the return of sell-side pressure, with the Nasdaq 100 promptly losing 1.5% on the open and the S&P 500 trading down nearly 1%. For popular trader Crypto Ed, the odds were on for a trip to $39,500 before another relief bounce took the market higher, potentially towards $42,800.

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