Bitcoin slipped below USD 40,000 on Monday and fell to its lowest level since the end of September, when the world’s leading cryptocurrency showed no end to its volatility.

“The main reason for the collapse in crypto prices is the decision of the Fed to to withdraw massive liquidity that has been pumped into the markets since the beginning of the coronavirus pandemic, “said Naeem Aslam, chief market analyst at Avatrade.

Ref: https://www.channelstv.com