This Week In Crypto: Market Turmoil Drags Crypto Lower

After a chaotic week across global financial markets, the crypto market has followed suit, with high volatility sending major coins lower as "extreme fear" characterizes investor sentiment. Bitcoin Falls Below Key Support Level Bitcoin (BTC-USD) prices have once again slipped back past the $40,000 mark. The past seven sessions didn't turn out to be favorable for BTC, with its overall value dropping nearly 8%. Currently, BTC is trading near its lowest level since March - when U.S. President Joe Biden first signed the executive order on crypto regulations. Earlier this week, BTC dropped to ~$38,000 after retail giant Amazon denied all speculation about the platform planning to accept BTC payments.