The cryptocurrency market turmoil continues, and Friday brings Bitcoin down again. The most popular virtual currency has dropped below the psychological level of 40,000. USD.

During Friday's quotations on the Bitstamp exchange, the valuation of bitcoin drops by about 3 percent. going down to $ 39,262. The technical analysis shows that it is about 30 percent. above Wednesday's low but slightly below the 200-day moving average.

Other cryptocurrencies are also at the disfavor of investors. Correction, exceeding 2%, is subject to, among others, ether valuation, which fell to $ 2,714.

Usually when Bitcoin loses, it loses the entire market as well, and it is no different today. After last week's huge price increases for Ehtereum, there is no trace of it. In 7 days, the price of the cryptocurrency fell by 35%, and in the last 24 hours only, by 22%. It is true that the current amount of $ 2,600 is much higher than a month ago, but the decline should be felt even by cryptocurrency miners.

Looking at today's amounts, you can see that the cryptocurrency is already cheaper by more than 40%. It is worth mentioning that in the last 24 hours the price of Bitcoin has already dropped by 16% and unfortunately there is a chance that it will drop even more. Some observers point out that this time it has to do not with Elon Musk, whose statements have recently shaken the market, but with another ban imposed by China, this time banning financial and payment institutions from cryptocurrency-related activities.

The value of the cryptocurrency market has fallen by 600 billion in the last two days. Currently, global market capitalization is just $ 1.71 trillion. During this decline, we saw budding investors exit the market. However, supporters as usual used the correction as an opportunity for further purchases. A certain whale, thanks to its inheritance, was on the list of the 5 richest BTC holders.

Play online here: