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Bitcoin Falls Below $40K for First Time Since Mid-March

Nydig, a bitcoin-focused asset manager, cites fears of rising inflation and a tighter Fed policy as reasons for the drop.

Updated May 11, 2023, 5:01 p.m. Published Apr 11, 2022, 8:28 p.m.
Bitcoin on Monday fell below $40,000 for the first time since March 16. (TradingView/CoinDesk)
Bitcoin on Monday fell below $40,000 for the first time since March 16. (TradingView/CoinDesk)