Bitcoin (BTC) Price Dips Near $40K in Steepest Drawdown Since August; LINK, ADA, XRP Lead Crypto Losses

Over the space of a few minutes Sunday evening, BTC plunged to near $40,500 from around $43,800 in what could be termed a “flash crash.” Prices quickly recovered to $42,400, but then started to slide again during U.S. afternoon hours to as low as $40,200, a level it broke through on the way up a week ago.