‘Extreme fear’ as Bitcoin price falls below $40K… and then bounces By Cointelegraph
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‘Extreme fear’ as Bitcoin price falls below $40K… and then bouncesThe price of (BTC) has slumped below $40,000 for the first time in six weeks.
Near the end of Tuesday’s trading, BTC prices fell by 16%, from $47,300 at its beginning to mark a low of $39,000. At 9:05 UTC, the slide was complete. The move marked a 25% retracement from BTC’s local highs above $50,000 on Sept. 7.
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