Bitcoin, ethereum and other dominant cryptocurrencies have fallen sharply, tumbling the bitcoin price back under the closely-watched USD 40,000 per bitcoin level.
The bitcoin price has bounced around $40,000 for most of 2022 as the bulls and the bears battle it out for control of the market. Meanwhile, the ethereum price has dropped under $3,000 per ether for the first time since mid-March.
The combined crypto market has lost almost $400 billion since early April, as top ten cryptocurrencies including Binance’s BNB, Ripple’s XRP, solana, cardano, luna and avalanche struggle—with analysts warning a “disaster in the financial markets” could push bitcoin under $30,000.
