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On Wednesday, Bitcoin gained 8.8%, reaching a high of $41.9K. Growth above $42K appeared to be problematic for the cryptocurrency's benchmark.
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Asian trading hours saw a 7.8 percent increase in the value of Bitcoin (BTC) to $41,632.
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Bitcoin has begun a new decline against the US dollar, falling below $40,000 for the first time. BTC is losing ground and may fall as low as $35,000 in the near future.
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A continuation of Monday's rally in Bitcoin (BTC) was seen on Tuesday, with the cryptocurrency further separating itself from riskier assets.
On Wednesday, Bitcoin gained 8.8%, reaching a high of $41.9K. Growth above $42K appeared to be problematic for the cryptocurrency's benchmark.
