Crypto Price Crash: Fear Sends Bitcoin Under $40,000 As Ethereum, Binance’s BNB, Cardano And Dogecoin Suddenly Collapse
May 19, 2021
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Bitcoin, after struggling over the last week in the face of regulatory pressure and environmental concerns, has crashed under $40,000 per bitcoin.
The bitcoin price, which started May at almost $60,000, has dropped under the closely-watched $40,000 level after it emerged China was redoubling its crackdown on bitcoin and cryptocurrencies.
Meanwhile, other major tokens ethereum, Binance's BNB, cardano and the viral, meme-based dogecoin also crashed back—dragging the cryptocurrency market down by billions of dollars.