Bitcoin fell more than 13% to hit an intraday low of $38,585.86 at around 12:54 a.m. ET, according to CoinDesk data. That was the lowest level since Feb. 9, the last time it dropped below $40,000.Tesla's decision on May 12 to suspend vehicle purchases using bitcoin caused over $300 billion to be wiped off the cryptocurrency market.
On Tuesday, three Chinese banking and payment industry bodies issued a statement warning financial institutions not to conduct virtual currency related business.In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course's graph on February 09, 2021 in Paris, France.fell sharply on Tuesday, continuing a major sell-off that began a week ago.
The digital currency fell over 13% to hit an intraday low of $38,585.86 at around 12:54 a.m. ET, according to CoinDesk data. It was the lowest level since Feb. 9, the last time it dropped below $40,000.Negative news over the past week has dampened sentiment for bitcoin.
Yea yea definitely don’t buy it
Money for money and financial bubble inflation. And what really useful was done, given the huge size of these numbers, as well as the equipment involved, human knowledge, the amount of time spent and all the energy expended? What useful came out of all these movements? NOTHING.
DiamondHands 🙌🏽💎🚀🚀
sbsportsfan you jinxed it
This price action shows us that we are currently in a multiyear bearmarket and Bitcoin $BTC will crash to sub-1k around $700-770 .
Tinker bell, your light is fading!
good
I remember this old 2018 FUD. It’s like y’all have your stories on repeat…. Again… and again. Remember when it went down 40% and then 41% ? THEN what happened? Your FUD is old and repetitive.
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