Bitcoin Hits Seven-Week Low Amidst Regulatory Uncertainty

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....


Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]