Bitcoin falls below $40,000 for first time since February as crypto market tanks

Bitcoin plummeted over 15 percent Wednesday, sending the price of the biggest cryptocurrency below the $40,000 mark per coin for the first time in over three months.

Bitcoin’s plunge Wednesday morning came amid a broader sell-off of cryptocurrencies that saw the overall market lose about 20 percent of its value, or over $330 billion, in 24 hours, according to data from coinmarketcap.com. As of 8 a.m., bitcoin was trading at about $38,600 per coin, according to coinmarketcap.com.