By the end of last week, the price of Bitcoin (BTC) reached a monthly low, dropping to $40,893. However, at the beginning of the new week, it fell to the lowest level since the beginning of December.

At the time of writing this review, BTC was trading at a price of $39,983.

Ether (ETH) also dropped to $2,300, and Binance Coin (BNB) was on the brink of collapsing below $300. Solana (SOL) lost over 10% of its value during the week, falling to $85.3.

The losses have affected all major altcoins, including Cardano (ADA), Avalanche (AVAX), and Dogecoin (DOGE).

The decline in cryptocurrency prices is happening against the backdrop of improved conditions in the stock markets. The European Stoxx index rose by 0.7%, and the American Nasdaq 100 added 0.2% on the eve, according to CNBC.

Investors are expecting a recovery in the U.S. economy ahead of the publication of fourth-quarter GDP data scheduled for the nearest Thursday.

The head of OrBit Markets, Caroline Mauron, told Bloomberg that if Bitcoin does not hold above the $40,000 mark in the near future, it could drop to $38,000. In that case, a massive liquidation of positions in the futures market accompanied by a panic capital outflow from the crypto sphere is possible, according to the expert's forecast.