After China’s new curbs on cryptocurrency, Bitcoin has dropped to a 3.5 month low, falling below the $40,000 mark. A drop of 40% since its all-time high of $64,895 in April 2021. Other cryptocurrencies also took a beating with Ether falling 12% and Dogecoin falling by 18%. Shares in COIN.O fell by 4% in pre-market trading. The recent selling of crypto has brought the market capitalisation of cryptocurrency from $3.5 trillion to $3 trillion.