Bitcoin’s 2023 Rally Falters as Crypto Takes a Hit with a Brief 7.5% Drop Towards $40,000
In a wider cryptocurrency sell-off, Bitcoin experienced its characteristic volatility once again as it swiftly and sharply dropped towards the $40,000 mark. The largest token fell as much as 7.5% to $40,521 before paring some of the losses to 3.6% to $42,245 at 7:15 a.m. in London on Monday. Smaller tokens such as Ether, XRP, Polkadot and Cardano also fell. An index of the top 100 digital assets fell about 4%, the biggest drop since November 22. Bitcoin has been on a tear this year amid expectations that regulators will…
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