Bitcoin Drops Below $40K as Sell-Off Intensifies

AnalysisBitcoin Drops Below $40K as Sell-Off Intensifies



Alex Dovbnya

Bitcoin, the largest cryptocurrency, has slipped below the $40,000 level

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Bitcoin, the world’s largest cryptocurrency, dropped to an intraday low of $39,621 on the Bitstamp exchange at 8:01 p.m. UTC.

BTC
Image by tradingview.com

The largest cryptocurrency is now trading below the $40,000 level for the first time since Feb. 28.

Bitcoin has plunged over 12% over the last three days, with bears asserting their dominance.

The market capitalization of the top cryptocurrency currently stands at $757 billion.

The largest cryptocurrency is down 42.23% from its record peak that was achieved in November.   



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