Bitcoin slipped closer to dipping below the $40,000 mark on Monday, as cryptocurrencies painted a sea of red despite a broader rally in traditional markets.
The world’s largest virtual token declined as much as 3.4% by 7.30 a.m. in New York on Monday, hitting a low of $40,352 — just shy of its lowest point of 2024 recorded on Friday. Other cryptoassets were also in the red, with Ether down 4.1% and smaller tokens Solana’s SOL and Dogecoin down 3.9% and 2.1% respectively.
