Bitcoin Prices Repeatedly Traded Below $40,000 Today—What’s Next?

Bitcoin Prices Repeatedly Traded Below $40,000 Today—What’s Next?

This is a BETA experience. You may opt-out by Bitcoin prices fell to less than $40, 00 today, consistently fluctuating south of that level and reaching their lowest in roughly two weeks. The world's most prominent digital currency dropped below $40, 000 around 9:30 a. m. EST, before declining to as little as $39, 477. 09 around 11 a. m. EST, CoinDesk figures show. This latest downward movement took place after the cryptocurrency fell sharply yesterday, suffering its largest intraday loss since January 21. After depreciating to its recent low of $39, 477. 09, bitcoin bounced back, surpassing $40, 400 in less than an hour, but once again moved lower, repeatedly reaching points below $40, 000. [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.] When describing bitcoin's recent price weakness, several experts highlighted how political uncertainty affected the markets. Ben McMillan, CIO at IDX Digital Assets, spoke to these developments, describing yesterday's downward price movement as "largely a technical sell-off on the back of continued uncertainty about Ukraine as well as the President's executive order on crypto regulation." Ben Armstrong, founder