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International Business Times
International Business Times
Business
Nica Osorio

Bitcoin Nosedives Below $41K, Erasing Nearly A Week's Gain As Holders Take Profit

Bitcoin Crypto King Charles III United States
Single bitcoin with gold reflection on top of background of scattered U.S. 100 dollar bills. (Credit: QuoteInspector.com/flickr)

KEY POINTS

  • Bitcoin plummeted by as much as 7.5% to $40,521 on Sunday night
  • The price plummet recorded the largest single-day nosedive of Bitcoin in a month
  • Bitcoin was still trading in the red zone at $42,431.80 as of 6:00 a.m. ET on Monday

Bitcoin briefly nosedived below the $41,0000 price level at the start of this week, showcasing a streak of volatility, as some holders took profit from the recent price rally.

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