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

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.

Agencies and A News ECONOMY
Published January 10,2022
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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.

Other important digital currencies also came under pressure.

Ether, for example, fell below 3,000 dollars. According to the industry portal Coinmarketcap, the total market for all cryptocurrencies is once again below the 2 trillion dollar mark. The most recent figure was 1.86 trillion dollars.