‘Extreme fear’ as Bitcoin price falls below $40K... and then bounces

Cointelegraph

Published Sep 21, 2021 10:25PM ET

Updated Sep 23, 2021 12:20AM ET

The price of Bitcoin (BTC) has slumped below $40,000 for the first time in six weeks.

The slide took place near the close of the day on Tuesday, with BTC prices having drawn down by 16% from nearly $47,300 at the start of the day to tag a local low of $39,650 at roughly 9 pm UTC. The move marked a 25% retracement from BTC’s local highs above $50,000 on Sept. 7.

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