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What’s behind Bitcoin’s sudden plunge to $40,000? What’s behind Bitcoin’s sudden plunge to $40,000?

What’s behind Bitcoin’s sudden plunge to $40,000?

Bitcoin sunk on Thursday leading to fears of further downside. Analysts have pinned this on President Biden's plan to regulate the crypto sector.

What’s behind Bitcoin’s sudden plunge to $40,000?

Cover art/illustration via CryptoSlate

Thursday saw a renewed decline for Bitcoin as the leading cryptocurrency plunged to $40,090.

A bounce followed, leading to a tight trading range between $40,300 and $40,900.

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