BTC falls below $39,000.

In the last 24 hours, the price of Bitcoin has plummeted dramatically. Specifically, at 8 a.m. on March 5, BTC fell 8.7% to $38,777, according to CoinMarketCap data.

Other altcoins have also dropped in value, bringing the total market capitalization down by 6.8% to $1,750 billion USD.