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Bitcoin's Price Plummets, Threatening $40,000 Support

1 min read
Source: Bloomberg
Bitcoin's Price Plummets, Threatening $40,000 Support
Photo: Bloomberg
TL;DR

Bitcoin experienced a sudden 7.5% drop towards $40,000, causing concerns about the stability of its 2023 rally. The cryptocurrency market as a whole also faced a selloff, with Bitcoin eventually recovering some of its losses to trade 3.7% lower at $42,165.

Topics:businesscryptocurrency#bitcoin#cryptocurrency#rally#selloff#volatility
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  1. Bitcoin’s (BTC) 2023 Rally Wobbles in Sudden 7.5% Drop Toward $40,000  Bloomberg
  2. Bitcoin wipes nearly a week of gains in 20 minutes, falling under $41K  Cointelegraph
  3. BTC, ETH, SOL and Major Altcoins Begin Asia Business Day in Deep Red  CoinDesk
  4. Bitcoin price crash liquidates $310 million positions ahead of US CPI and interest rate decision  FXStreet
  5. Bitcoin Breaks Below the Support; Will the Correction Drag the BTC Price Below $40,000?  Coinpedia Fintech News

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