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Bitcoin tanks below $40K, hits lowest level since ETF launch: Key reasons behind the fall explained


Cryptocurrency markets were trading in the red on Tuesday after Bitcoin, the world’s largest crypto token, fell below $40,000 for the first time since the launch of 11 spot Bitcoin exchange-traded fund (ETF) on January 11. In Tuesday’s trade, the global cryptocurrency market cap declined 2.74% to around $1.57 trillion in the last 24 hours.



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