The leading cryptocurrency by market value fell to $38,577 during the Asian hours, a level last seen on March 15, according to CoinDesk data. Per analytics firm IntoTheBlock, $40,000 was important support, as significant buying activity has happened around that level in the past. The latest decline means the cryptocurrency has lost over 17% since testing waters above $48,000 three weeks ago.
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This all follows the arrest of Tornado Cash co-founder Roman Storm, who faces allegations of money laundering and sanctions violations,...