Bitcoin falls under $40,000 to a 5-month low


FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su

LONDON (Reuters) - Bitcoin fell over 5% on Monday to its lowest in over five months, tumbling under the $40,000 level.

The largest cryptocurrency fell as far as $39,558, its lowest since Aug. 5. It was last down 4.7%, more than 40% below a record high of $69,000 hit in November.

(Reporting by Tom Wilson; Editing by Saikat Chatterjee)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Tech News

U.S. heightens export controls on advanced chip, gas turbine engine technologies
Dutch detain suspected developer of crypto mixer Tornado Cash
Annuar: Ministry to take immediate action over iPay88 issue
EV startup Fisker explores higher production in 2023, U.S. manufacturing
China regulator says Alibaba, Tencent have submitted app algorithm details
Rogers, Shaw sign agreement to sell Freedom Mobile to Quebecor
Australian court fines Google US$42.7mil for fraud in personal data collection
UK’s data regulator yet to enforce single child protection case
Exclusive-Europe eyes Musk's SpaceX to bridge launch gap left by Russia tensions
Hacker offers to sell data of 48.5 million users of Shanghai’s Covid app

Others Also Read