Bitcoin extended its recent declines on Tuesday,
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extended its recent declines on Tuesday, falling further below $40,000 to its lowest level since the beginning of December.
The price of the cryptocurrency was last lower by 3% at $38,767.10, according to Coin Metrics, adding to its 4% loss from the previous day, when the coin briefly dipped below $40,000 for the first time this year but recovered soon after.
Bitcoin has tumbled 15% since spot bitcoin ETFs began trading in the U.S. on Jan. 11.
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