Bitcoin falls 5 percent after weekend rally above $42K

The price of bitcoin tumbled almost 5 percent Monday morning, dropping below $40,000 per coin again after reaching as high as $42,600 over the weekend.

Bitcoin was last seen exchanging hands at about $39,600 per coin, according to Coinbase data. The weekend rally propelled bitcoin to its highest price since mid-May, but the crypto is still almost 40 percent below its peak of nearly $65,000 per coin that was seen in April.