Now Loading

Crypto price crash: fear sends Bitcoin under $40,000

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.