Stock Groups

‘Extreme fear’ as Bitcoin falls below $40K … and then bounces By Cointelegraph

[ad_1]

‘Extreme fear’ as Bitcoin falls below $40K … and then bounces

The price of has slumped below $40,000 for the first time in six weeks.

Near the end of September 21, BTC prices fell by 16%, from almost $47,300 at its beginning, to tag an hourly low of $39,000. The move marked a 25% retracement from BTC’s local highs above $50,000 on Sept. 7.