May 16, 2026

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Bitcoin Hits $4,000 But Retraces, is Another Drop to Mid-$3,000 Next?

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bitcoin Hits $4,000 But Retraces, is Another Drop to Mid-$3,000 Next?

On December 29, the bitcoin price briefly surpassed $4,000, initiating a promising rally from around $3,600. In the past 24 hours, the value of bitcoin has retraced from $4,000 to $3,800, falling to $3,688 at the day’s lowest point. The decline in the bitcoin price led other major crypto assets such as Ripple (XRP) and

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