Bitcoin fell by more than 5 percent on Friday, a day after topping US$40,000 for the first time. The world's most popular digital currency slid to as low as US$36,618.36 on Bitstamp exchange, after reaching an all-time high of US$40,402.46 in the previous session. Bitcoin has rallied by more than 700 percent since a low in March. Ittopped US$30,000 for the first time on January 2, after surpassing US$20,000 on December 16. Market participants had warned of a correction after the US$40,000 milestone was reached.

Source: The Standard January 08, 2021 03:33 UTC