Bitcoin drops below US$40,000 as regulatory drumbeat grows

By Dave Liedtka

Bitcoin's value dropped below RM167,380 for the first time since August, following increased criticism from US regulators. — AFP

Bitcoin fell for a third day, dropping briefly below US$40,000 (RM167,380) for the first time since August in volatile trading, amid rising criticism from regulators.

The largest cryptocurrency by market value traded down about 7% to US$40,552 (RM169,690) as of 5.22pm in New York. Rivals including Ether and Litecoin also slumped.

Subscribe now and get 30% off The Star Yearly Plan

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.


Related stories:
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read

Allianz and p-hailing platforms unite for rider safety
STARPICKS

Allianz and p-hailing platforms unite for rider safety

Hong Kong police investigate Cambodian scam farm link to missing girl
Cambodia54m ago

Hong Kong police investigate Cambodian scam farm link to missing girl

Cambodia prepares counterattack at Phu Ma Kua — plans heavy use of indirect munitions
Cambodia1h ago

Cambodia prepares counterattack at Phu Ma Kua — plans heavy use of indirect munitions

INTERACTIVE: Fake or fact? Only three in 10 Malaysians verify info online
starplus23 Jul 2025

INTERACTIVE: Fake or fact? Only three in 10 Malaysians verify info online

Swimming-Excited Marchand relishing reduced schedule in pursuit of medley record
Swimming1h ago

Swimming-Excited Marchand relishing reduced schedule in pursuit of medley record

Singapore's Tipsy Collective sues former directors, HR head; alleges S$14mil lost from misconduct, poor decisions
Singapore1h ago

Singapore's Tipsy Collective sues former directors, HR head; alleges S$14mil lost from misconduct, poor decisions

Education Ministry vows transparent, impartial probe into Form One student's death
Nation1h ago

Education Ministry vows transparent, impartial probe into Form One student's death

Thailand condemns Cambodian attacks on civilians, hospitals
Thailand1h ago

Thailand condemns Cambodian attacks on civilians, hospitals

VIDEO: Chris Martin's ex-wife Gwyneth Paltrow hired by Astronomer to 'answer' questions after Coldplay kiss cam scandal
Entertainment1h ago

VIDEO: Chris Martin's ex-wife Gwyneth Paltrow hired by Astronomer to 'answer' questions after Coldplay kiss cam scandal

China calls for calm over border clash
China1h ago

China calls for calm over border clash

Country needs a constructive opposition, says Liew
Nation1h ago

Country needs a constructive opposition, says Liew

Sri Lanka to waive visa fees for 40 more countries to boost tourism
Sri Lanka1h ago

Sri Lanka to waive visa fees for 40 more countries to boost tourism

Load more

Copyright © 1995- 2025 Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a subscriber? Log In