The largest cryptocurrency by market capitalization was recently trading at around $26,950, down over 3% in the past 24 hours. BTC had been hovering above $27,000 Thursday morning before dropping below the threshold around 1 p.m. ET. BTC has been trending downward for much of the past week as investors look for a new price catalyst. Bitcoin fell below $27,000 on Wednesday for the first time since March, regained the threshold before falling again.
Source: https://www.coindesk.com/markets/2023/05/11/bitcoin-edges-below-27k-as-latest-bank-crisis-fails-to-trigger-price-increase/?utm_medium=referral&utm_source=rss&utm_campaign=headlines