Summary
Bitcoin’s price dropped below $40,000, the lowest since early December, due to waning excitement over the launch of exchange-traded funds (ETFs) that invest in the cryptocurrency. The price fell by 5.3% to $39,556, while other tokens like Ether and Solana also experienced declines.
Key Points
1) Bitcoin fell below $40,000 for the first time since early December due to waning enthusiasm over the launch of exchange traded funds that directly invest in the cryptocurrency.
2) The digital currency token dropped by as much as 5.3% to $39,556, marking its lowest point since December 4th.
3) Other cryptocurrencies like Ether and Solana also experienced significant declines, with Ether down 6.7% and Solana down 9.3%.