Bitcoin's price fell below USD40,000 today, indicating that investors' attitude is deteriorating. The world's most popular and valuable cryptocurrency fell 5 percent to USD39,749 in market value. Since the beginning of the year, Bitcoin has lost more than 10 percent of its value (year-to-date).
Meanwhile, according to CoinGecko, the global cryptocurrency market cap fell over 5 percent today, falling below USD2 trillion at USD1.98 trillion, pulled down by today's crypto price drop.
On the other side, Ether, the second largest cryptocurrency and the token linked to the Ethereum network, fell below the USD3,000 barrier. According to CoinDesk, it has dropped more than 7 percent to USD2,914. Last year, the token grew by around 400 percent, compared to 60 percent for Bitcoin, but it is already down over 18 percent in January.
Similarly, the price of Dogecoin dropped over 7 percent to USD0.15, while the price of Shiba Inu dropped approximately 6 percent to USD0.000026. Similarly, Binance Coin was down 9 percent at USD423. Other cryptocurrencies, like as Cardano, have lost over 11 percent, while XRP, Polkadot, Tether, Litecoin, Solana, Terra, and Stellar have all lost 3-10 percent in the last 24 hours.