Bitcoin was last down 3.7% after touching $40,938, its lowest since Sept. 29. The world's biggest cryptocurrency has lost over 40% since hitting a record high of $69,000 in November and the volatility that has plagued it since its birth 13 years ago remains stubbornly present.
Bitcoin has also been under pressure after minutes from the latest U.S. Federal Reserve meeting, released on Wednesday, appeared to lean toward more aggressive policy action, sapping investor appetite for riskier assets.
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