February 24, 2024

MediaBizNet

Complete Australian News World

Bitcoin drops back to $40,000 as post-ETF correction deepens

Bitcoin drops back to $40,000 as post-ETF correction deepens

Cryptocurrencies fell on Thursday, with Bitcoin falling to $40,000.

Bitcoin was last trading down 3.6% to $41,167.14, according to Coin Metrics. Earlier, it fell to $40,601.37, its lowest level since December 18. Ethereum, which has received a boost in recent days while Bitcoin has been struggling, also declined. It decreased in recent trading by 3% to $2,448.41. The rest of the cryptocurrency market has been dragged along with them on a massive scale.