![](https://kidit.xyz/wp-content/uploads/2023/12/Bitcoin-BTC-Price-Dips-Near-40K-in-Steepest-Drawdown-Since.png)
Over the space of a few minutes Sunday evening, BTC plunged to near $40,500 from around $43,800 in what could be termed a “flash crash.” Prices quickly recovered to $42,400, but then started to slide again during U.S. afternoon hours to as low as $40,200, a level it broke through on the way up a week ago.