Bitcoin’s 2023 Rally Frays During Brief 7.5% Drop Toward $40,000

bitcoin delivered another bout of its notorious volatility in a brief but sharp drop towards $40,000 amid a broader cryptocurrency sell-off.

The largest token sank as much as 7.5% to $40,521 before paring some of the losses to trade 3.6% lower at $42,245 as of 7:15 a.m. Monday in London.

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