Bitcoin price swings after reaching $40,000

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The trend in the cryptocurrency market on Wednesday showed a significant growth of the Bitcoin as it hit $40,000 during intra-day trade.

However, as at 4:55am on Thursday, Bitcoin had slipped downwards below the $40,000 mark reached the previous day.

Ethereum, in the same vein, dipped by 10.9% on Thursday to trade at $2,278.29.

Reports say the total cryptocurrency market capitalisation stood at $1.52 trillion, losing about 17.7 billion on Thursday morning.

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