Bitcoin has recently experienced a significant downturn, plummeting to $40,000, marking its lowest level since the launch of Bitcoin ETFs. This decline follows a broader trend in the market, sparking concerns among investors. The current dip represents a nearly 20% decrease from the post-ETF surge.
Investors, who initially celebrated the approval of a Bitcoin ETF, are now grappling with a bearish trend. The cryptocurrency's value continues to face volatility, highlighting the ongoing challenges within the digital asset market.