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CRYPTOCURRENCY Bitcoin drops below $40,000, what's next?.

BabaYaga

2022-03-10 (12:50:15)

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KEY POINTS

• Bitcoin and other cryptocurrencies fell on Thursday as some of the initial excitement around U.S. President Joe Biden’s executive order on digital assets faded.

• Bitcoin was down more than 7% at $39,077.79 at 6:55 a.m. ET on Thursday, according to data from CoinDesk.

• Some high-profile cryptocurrency industry players praised the president’s executive order, while others called the move “defensive.”

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