Bitcoin experienced a significant drop to a seven-week low on Monday, slipping below the $40,000 mark for the first time since the rollout of 11 spot Bitcoin exchange-traded funds (ETFs) on January 11. The worlds largest cryptocurrency saw a 3.98 percent decline, trading at $39,938.00. Reuters reported its lowest level since December 4, following a brief recovery. Ether, the second largest cryptocurrency, also suffered a 6.37 percent drop, settling at $2,328.30. Regulatory Factors Hit Bitcoin The Inquirer noted that Bitcoins recent rally, fueled by growing anticipation of the U.S....
source: https://tokenpost.com/Bitcoin-Hits-Seven-Week-Low-Amidst-Regulatory-Uncertainty-11127
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