Cryptocurrency Market crash: $40,000.

Cryptocurrency prices today: Bitcoin tests $40,000, Dogecoin down over 12%.

HIGHLIGHTS:

  • Bitcoin tests $40,000.
  • Dogecoin down over 12%.
  • Tesla sold 10% of its Bitcoin holdings.
  • Elon Musk’s investment remains unchanged.
  • Tesla makes more money by selling Bitcoin.
  • Cryptocurrency market crash.
  • $600 billion wiped out crypto tumble is becoming very painful.
  • Elon Musk says Tesla has ‘Diamond Hands’  amid Bitcoin rout.

The cryptocurrency market is back under pressure on Thursday, with most virtual coins trading at a lost. The board-based gains seen on Tuesday have eroded sharply today as bigger and smaller cryptocurrencies faced sell-off  pressure.

The sell-off witnessed in the cryptocurrency market has been triggered by uncertainties over inflation which has prompted investers to reduce exposure to riskier asset. 

Bitcoin, the world’s most popular cryptocurrency, remains under pressure and has fallen nearly 10% , down to $40,779.88 at around 9:10 a.m.

There are high chances that Bitcoin may fall below $40,000 as the day progresses, given the fact that the cryptocurrency is going through the turbulent run. 

However, Ethereum has also buckled under pressure after rising nearly 3% yesterday, and it trading lower by over8% as of 9:30 a.m. Ethereum was trending at $3,093, down 8.40% .

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