Bitcoin Plummets Below $40K for First Time in 48 Days, Triggering Market-Wide Crypto Slide

. On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.'On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.On Monday, Jan. 22, 2024, the value of bitcoin fell below the $40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks.

Bears Take the Reigns—Bitcoin Falls Under $40K Amid Market Turbulence

Since early December 2023, specifically since Dec. 5, 2023, bitcoin’s price has remained above the $40K threshold. The leading crypto asset in terms of market value reached a peak of $49,000 on Jan. 10, 2024. However, this high was short-lived. Subsequently, the price descended to the $45K bracket. Over the recent days, it has struggled to maintain its stance in the $40K territory, eventually dipping below this threshold at 2:15 p.m. Eastern Time (ET) on Monday afternoon.