Home Breaking: Bitcoin price plummets below $40,000 while Ethereum price loses $3,000 as support

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Breaking: Bitcoin price plummets below $40,000 while Ethereum price loses $3,000 as support

Updated: 19 May. 2021 | 07:06

Bitcoin price slips below $40,000 as it dropped roughly 40% from its all-time high at $64,895.
This nosedive has pushed BTC below the 200-day SMA at $39,818, which is a bearish sign from a macro perspective.
Ethereum price followed the flagship crypto as it slid below $3,000 after a 35% downswing from its record high at $4,380.

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