Home Tech Bitcoin Price Plunges Under 39000$, Ether and Dogecoin Down Too

Bitcoin Price Plunges Under 39000$, Ether and Dogecoin Down Too

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Bitcoin Price Plunges Under 39000$: Bitcoin price today continued the declining trend by trading below $39,000 level, hit by investors’ weakening sentiment. The world’s most popular and largest cryptocurrency by market value tanked over 7% to $38,802. Bitcoin has slipped more than 14% since the start of this year (year-to-date or YTD).

Bitcoin price today continued the declining trend by trading below $39,000 level, hit by investors’ weakening sentiment. The world’s most popular and largest cryptocurrency by market value tanked over 7% to $38,802. Bitcoin has slipped more than 14% since the start of this year (year-to-date or YTD).

On the other hand, Ether, the coin linked to ethereum blockchain and the second largest cryptocurrency, went below the $3,000 mark. It plunged more than 8% at $2,861, as per CoinDesk. The token surged about 400% last year, compared with a gain of 60% for Bitcoin, however, it is down over 18% in January.

Crypto funds witnessed fifth straight week of outflows, said the digital asset manager CoinShares’ report, as digital asset investment products saw net outflows of $73 million for the week ended 14 January.