Bitcoin drops below $40,000 amid crypto slide after Russia proposes ban

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Cryptocurrency costs tumbled in a single day, with bitcoin hitting its lowest value since final August.

Bitcoin
BTCUSD,
-6.33%
,
the world largest crypto by market cap, slid greater than 6% and dropped under the $40,000 stage, final buying and selling at about $38,800 as of midnight Friday. Ether
ETHUSD,
-7.32%
,
which runs on the ethereum blockchain, fell 7% to about $2,868, and XRP
XRPUSD,
-6.23%
,
Bitcoin Money
BCHUSD,
-6.63%
,
Litecoin
LTCUSD,
-6.87%

and Monero
XMRUSD,
-5.24%

all posted sharp losses, based on Kraken knowledge.

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