Bitcoin drops 8% to below $44,000 as risky assets tumble globally, regulatory concerns intensify

From cnbc.com

The price of bitcoin dropped sharply Monday as investors began shedding risk amid an equity markets decline. While bitcoin is often called a safe haven asset, the growing reality is its price tends to go down amid broader declines in risk assets. Also much like stocks, bitcoin’s price has historically experienced a September slide. Bitcoin lost 8% Monday and last traded at $43,818.20 according to Coin Metrics. The broader crypto market is in the red as well, with ether down 9%. Investors are also focused on the the Federal Reserve and whether it will signal its readiness to start removing monetary stimulus from the ... (full story)