Bitcoin drops below $40,000 amid crypto slide after Russia proposes ban – MarketWatch

Cryptocurrency prices tumbled overnight, with bitcoin hitting its lowest price since last August.

Bitcoin BTCUSD, -5.47%, the world largest crypto by market cap, slid more than 6% and dropped below the $40,000 level, last trading at about $38,800 as of midnight Friday. Ether ETHUSD, -6.56%, which runs on the ethereum blockchain, fell 7% to about $2,868, and XRP XRPUSD, -5.19%, Bitcoin Cash BCHUSD, -6.34%, Litecoin LTCUSD, -6.45% and Monero XMRUSD, -3.44% all posted sharp losses, according to Kraken data.

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