Bitcoin price drops below $40,000 as selling intensifies


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Bitcoin, the world’s largest cryptocurrency, fell to an intraday low of $38,770, according to “coinmarketcap” at 2:01 pm UTC.

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

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

Currently, the market capitalization of Bitcoin is $742 billion.

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

Looking at the weekly level, the currency was not affected and it is still trading within the $36,000-$44,000 range.

As usual, the crypto market, the decline of Bitcoin, negatively affects the rest of the alternative digital currencies, which also declined, and ATOM and LUNA were the biggest decliners, with 10% and 7%, respectively.

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The Binance currency also declined and fell below the $400 level, and is currently trading at $377.

Ethereum, after repeated attempts to stay above the $3000 level, all attempts failed, and it is currently trading at $2638.

The recent decline in the price of Bitcoin and other altcoins was evident in the decline in the total market capitalization of the market to the level of 1.75 trillion dollars.

Read also:

Study: 77% of Saudis are familiar with cryptocurrencies and only 18% are trading them

OpenSea bans users in Iran due to US sanctions

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