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Bitcoin slumps to lowest since Sept; down 40% from Nov high of $69K

The largest cryptocurrency declined as much as 4.9 per cent to $41,008

Photo: Bloomberg
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Photo: Bloomberg

Joanna Ossinger | Bloomberg
Bitcoin continued a weeks-long drop on Friday, falling below $42,000 to levels not seen since September.
 
The largest cryptocurrency declined as much as 4.9 per cent to $41,008, marking a tumble of about 40 per cent from its record near $69,000 reached November 10. Ether, the second-largest, dropped as much as 9 per cent to its lowest level since September 30. Both of those tokens, as well as others including Binance Coin, Solana, Cardano and XRP are down more than 10 per cent in the past seven days, according to CoinGecko.
 
The retreat comes after minutes from the