Bitcoin fell below $42,000 on Friday, continuing a week-long decline that has been ongoing since September.
Bitcoin has plunged 32% from its all-time high this year.
Investors can still take advantage of the tax loophole to help them wait for cryptocurrency’s return. Bitcoin closed the year with a 32% decline from its November high of $68,000.
Bitcoin Drops is the Worst Month since May Crypto Rout
Bitcoin is holding on to its recent drop, putting it on track for its worst monthly decline since May’s cryptocurrency rout.