Bitcoin again fell below $ 40,800 ($ 30,000) as investors around the world annoy the delta variant and its importance for the next phase of the Coronavirus pandemic.

According to Coindesk, the cryptocurrency has fallen about six percent in the past 24 hours. Other cryptocurrencies also fell: Ethereum is down about seven percent, while Dogecoin, the cryptocurrency that started out as a meme currency, is also down nearly seven percent.

Bitcoin last traded at around $ 40,600 ($ 29,800) per coin yesterday, its lowest level since last month.

Bitcoin again fell below $ 40,800 ($ 30,000) as investors around the world annoy the delta variant and its importance in the next phase of the coronavirus pandemic. (Getty)

The decline comes after Wall Street was hit hard on Monday by fears over the recent spread of COVID-19 and the threat to economic recovery. The Dow Jones Industrial Average slumped 725 points, down 2.1 percent. The S&P 500 ended the day 1.6 percent and the Nasdaq 1.1 percent.

Asian markets followed the slide yesterday, with the Japanese Nikkei 225 falling nearly one percent. The Hang Seng Index in Hong Kong fell 0.8 percent. South Korea’s Kospi slumped 0.4 percent, while China’s Shanghai Composite stagnated.

“Bitcoin is the ultimate risky asset right now and could face strong selling pressure if Wall Street goes into panic selling mode,” wrote Edward Moya, senior market analyst for America at Oanda, in a research note on Monday.

Bitcoin and other cryptos had a difficult year as they have been gripped by extreme volatility in recent months. In June, Bitcoin fell below $ 40,800 ($ 30,000) for the first time since late January.