‘Extreme fear’ as Bitcoin falls below $40K … and then bounces By Cointelegraph

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

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

The slide took place near the close of the day on Sept. 21, 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 9pm UTC. The move marked a 25% retracement from BTC’s local highs above $50,000 on Sept. 7.