Bitcoin extended its losses on Monday, dipping below $40,000 for the first time this year and pulling the rest of the crypto market down with it. The price of bitcoin was last lower by 3.5% at $40,237.64, according to Coin Metrics. Earlier, it fell to $39,414.80, its lowest level since Dec. 3. Ether dropped 5% to $2,329.89. Bitcoin is still in its correction phase following the launch of several spot bitcoin ETFs in the U.S. for the first time ever. In the months leading up to Securities and Exchange Commission giving the green light to begin trading, investors bought bitcoin in anticipation of the approval. “Today’s ... (full story)