Bitcoin fell below $40,000
On Thursday night around 10 p.m. (EST), the price of bitcoin fell below the $40,000 zone for the first time since Sept. 21, 2021. During Friday morning trading sessions, bitcoin fell to a low of $38,250 per coin. In addition, the market capitalization of the entire crypto economy fell below the $2 trillion mark, dropping 7.5% to $1.94 trillion.
The price of bitcoin (BTC) fell below the $40,000 zone for the first time in 122 days. BTC has lost about 8% in the past 24 hours, and bitcoin has lost 21% against the U.S. dollar over the past month.
The second-largest crypto-asset, Etherium (ETH), is down 9.1% in the last 24 hours and 29.1% in the last month. ETH's 24-hour price range ranges from $3,271 to $2,809 per unit.
