Market cautious sentiment intensifies, Bitcoin plummeted by 7.5% and approached the $40,000 mark.
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Bitcoin plummeted 7.5% in a broader cryptocurrency sell-off, briefly approaching the $40,000 mark. Other smaller tokens also experienced declines. Global stock markets and US stock index futures were volatile, intensifying market caution. Bitcoin has been rising this year, with expectations that regulatory agencies will approve the first ETF for direct investment in the token, driving cryptocurrency investments. Market analysts say there will be buying support from bargain hunters in the range of $37,500 to $40,000. Bitcoin has risen over 150% so far this year, but its price is still below the record high point of over two years ago.
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