Bitcoin Prices Just Dropped Below $40,000 To Reach Their Lowest Since Mid-March

Bitcoin Prices Just Dropped Below $40,000 To Reach Their Lowest Since Mid-March

This is a BETA experience. You may opt-out by Bitcoin prices have been declining lately, falling below $40, 000 this afternoon at a time when traders are closely monitoring a highly uncertain geopolitical landscape. The world's most prominent digital currency declined below the $40, 000 level several times today, reaching as little as $39, 524. 20 around 4 p. m. EDT, CoinDesk figures show. This took place as several digital currencies suffered declines. Since reaching its intraday low, bitcoin has bounced back, recovering modestly to trade close to $39, 725 at the time of this writing, additional CoinDesk data reveals. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] The cryptocurrency experienced these fluctuations at a time when many investors and everyday consumers are worried about surging prices. Traditional measures of inflation have been reaching multi-decade highs in both the U. S. and the U. K. Further, different parties have floated estimates that March figures for this measure of price increases will reach an annualized rate of 7. 5% in the eurozone and 8. 5% in the U. S. Further, there are