The world’s most prominent digital currency declined below the $40,000 level several times today, reaching as little as $39,524.20 around 4 p.m.
Further, there are concerns about U.S. economic growth decelerating, as think tank The Conference Board recently predicted that inflation-adjusted GDP would increase at an annualized rate of 1.7% during the first quarter, a sharp decrease from 7% during the quarter before.