Bitcoin Drops Below 40 Thousand Dollars

The Bitcoin prices have not been doing that great in the first place since we have seen the position of the cryptocurrency market in recent times. It is having a downhill tumble, as we would say, and then now it had gone even lower than you can think of. This seems to be pretty bad news for the Investors.

It goes without saying that if you are investing in the shares of the cryptocurrency market, then you must be ready to ride the waves of the ups and the lows. Well, it is just how the cryptocurrency market works, and there is nothing that you can do about it.

Bitcoin Drops Below 40,000 Dollars

Bitcoin had been not doing well, even being one of the largest cryptocurrencies worldwide. Today it is down by 11% in the last 24 hours. This info is correct because we are getting the info from reliable info. All the stats are according to CoinGecko.

Bitcoin had gone ahead and hit its lowest level since August. That is a long time ago, and now we are facing this situation. Bitcoin’s market value dropped below 40,000 dollars on Friday and is currently trading at around 38,378 dollars. Predictions state that the price can fall even lower than this.

Surely doesn’t seem like a good time to be investing in the cryptocurrency market, being honest, but it is all a part of the experience nonetheless. Ether is also down by 14 %, and we know that ether is only second to Bitcoin in the cryptocurrency market.

So all the assets are not doing so well at the current point in time. Anyhow, we will keep you updated on the news. Even if it is bitter and uncomfortable news, we are here to provide it to you in the truest sense.