Bitcoin drops below $40,000 mark for 1st time in weeks

Moscow: Bitcoin crushed through the $40,000 mark at the world's largest crypto exchange Binance to its lowest level in more than three weeks.

The largest cryptocurrency by market value shed almost 8% during the day to trade at $39,780, its worst since March 16.

It last lost nearly 17% of its value in January, before recovering 12% in February and continuing the rally in March. (UNI)