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Is bitcoin down below $40K?

Bitcoin is down below $40K. Here's what crypto investors should know The cryptocurrency market, along with other riskier assets, is taking a big hit. Bitcoin is down 11% in the last 24 hours, according to CoinGecko.

Why is Bitcoin (BTC) down 13% this week?

Crypto markets are in chaos once again, and the price of Bitcoin (BTC) has fallen more than 13% this week. The cause of this week’s seismic disruption: FTX, the world’s fourth-largest crypto exchange, which used to be an industry stalwart. Facing a rapidly worsening liquidity crunch, FTX is hunting for a solution to save the business.

What happened to bitcoin?

To the dismay of investors around the world, Bitcoin fell below $30,000, causing huge financial losses. But Bitcoin is no stranger to crashes. Though it is a hugely popular crypto, its price has been affected by the smallest of events.

What happened to bitcoin in 2022?

Bitcoin's price drop increased in severity in May 2022, after the stock market crashed and Terra Luna and TerraUSD crashed and lost almost all of their value. To the dismay of investors around the world, Bitcoin fell below $30,000, causing huge financial losses. But Bitcoin is no stranger to crashes.

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