Bitcoin’s (BTC) Latest Tumble Below $40k Was Triggered By This
Bitcoin (BTC) slumped on Wednesday, sinking below a key support level and triggering mass liquidations across the crypto market. The token’s latest slump appears to be directly tied to a drop in major U.S. technology stocks. BTC sank over 5% in the past 24 hours, and is trading around $38,500 as of writing. In comparison, the Nasdaq 100 index slumped nearly 4% on Tuesday as investors feared an economic slowdown that could hurt earnings.