Below $4K: Bitcoin Price Hits 400-Day Lows
The price of bitcoin has fallen below $4,000 for the first time since September 26, 2017 and is now down 30 percent in the last 7 days alone.
Bitcoin jumped the most in two weeks after a U.S. drone strike killed a top Iranian military commander, fueling speculation that heightened geopolitical turmoil might spur demand for the cryptocurrency in 2020.
Bitcoin traders might need a neck brace from watching Wednesday's price action.
The price of bitcoin has fallen to a one-month low below $7,900, amid a wider sell-off in the global financial markets.
As bitcoin and ether prices fell below technically significant levels, some traders are citing fear emanating from a report about the alleged PlusToken Ponzi scheme as the reason for the plunge
Bitcoin prices tumbled on Monday by the most in two months, falling below a key threshold of $8,200 not seen since late October.