Ethereum eyes 3-week winning streak vs. Bitcoin as BTC price drifts below $39K

Bitcoin (BTC) headed lower on Thursday after an attempt to reclaim $40,000 failed to garner buyer support.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Accumulation recalls October 2020

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to local lows of $38,700 on Bitstamp, down around 1.5% in several hours.

The largest cryptocurrency had benefited considerably from remarks by Gary Gensler, the new Chair of the United States Securities and Exchange…


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