Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Bitcoin, the world's largest cryptocurrency, dropped to an intraday low of $39,621 on the Bitstamp exchange at 8:01 p.m. UTC.
The largest cryptocurrency is now trading below the $40,000 level for the first time since Feb. 28.
Bitcoin has plunged over 12% over the last three days, with bears asserting their dominance.
The largest cryptocurrency is down 42.23% from its record peak that was achieved in November.
Valeria Blokhina
