Bitcoin traders are piling into bets that the price will drop below $40,000 by next month Bitcoin traders are piling into bets that the price will drop below $40,000 by next month Harry RobertsonMay 19, 2021, 01:31 IST Bitcoin has tumbled in recent days after criticism from Elon Musk.Dado Ruvic/Getty Images Bitcoin traders are increasingly betting the price will fall below $40,000 by June. Elon Musk's move to halt Tesla payments in bitcoin has caused the cryptocurrency to tumble. One crypto exchange boss said he had seen little sign of people buying the dip this time around. Bitcoin options traders have piled into bets that the world's biggest cryptocurrency will fall below $40,000 by next month following an Elon Musk tweet-storm that sent the price tumbling to around $45,000 on Tuesday.