Bitcoin Drops Below $40K As Its Sell Rises


Alex Dovbnya

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

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

Image by tradingview.com

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

Bitcoin is down more than 12% in the past three days, with bears confirming their dominance.

The market cap of the best cryptocurrency currently stands at $757 billion.

The largest cryptocurrency is down 42.23% from the record high reached in November.

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