Every investment and all trading involves risk, so you should always perform your own research prior to making decisions.
As the chart of the first cryptocurrency suggests, traders failed to maintain the previously established support level, which caused a drop below $39,000.
There is no fundamental or any other specific reason behind the drop, which may have caused traders to immediately sell their holdings.
Besides massive amounts of Bitcoin leaving exchanges, other cryptocurrencies like Ethereum are also facing a supply crisis after traders moved $4.3 billion worth of Ether from exchanges.
Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.