Bitcoin Falls Under $40,000 to a 5-month Low

Bitcoin Falls Under $40,000 to a 5-month Low
A representation of the virtual cryptocurrency Bitcoin, picture illustration taken on Oct. 19, 2021. (Edgar Su/Reuters)
Reuters
1/10/2022
Updated:
1/10/2022

LONDON—Bitcoin fell over 5 percent on Monday to its lowest in over five months, tumbling under the $40,000 level.

The largest cryptocurrency fell as far as $39,558, its lowest since Aug. 5. It was last down 4.7 percent, more than 40 percent below a record high of $69,000 hit in November.