<p><span style="font-weight: 400;">Cryptocurrency prices fell across the board on Thursday, with bitcoin dropping as much as 7% — a move that came in tandem with a broader decline in financial markets.</span></p> <p><span style="font-weight: 400;">Bitcoin’s price dropped down from about $39,500 at 9 a.m. ET to as low as $36,863.93 as of 1 p.m. ET, according to Coinbase data. At the time of writing, BTC is changing hands at roughly $36,845, per Coinbase data via TradingView.</span></p> <p><img class="aligncenter size-full wp-image-145345" src="https://www.tbstat.com/wp/uploads/2022/05/BTCUSD_2022-05-05_13-54-47.png" alt="" width="1456" height="1096" /></p> <p><span style="font-weight: 400;">The move is generally in line with a broader trend across financial markets on Thursday as most major US stock indexes were down. At the time of writing, the Nasdaq 100 is down just over 700 points, or a roughly 5.1% loss, since the open. </span></p> <p><span style="font-weight: 400;">Bitcoin’s price rose Wednesday after starting May — which has historically been a good month for the crypto — in the red after trending downwards throughout April. </span></p> <p><span style="font-weight: 400;">Elsewhere, <a href="https://www.theblockcrypto.com/linked/145292/coinbase-stock-price-falls-more-than-11-amid-broader-market-rout">Coinbase’s stock price crashed as much as 11%</a>, down from $124.69 at open to as low as $112.63. Coinbase has since recovered marginally to trade at $115.64 at the time of writing.</span></p>