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The Bitcoin price has dropped to $38K and Fidelity Investments has added Bitcoin to its 401K retirement plans, sending shockwaves through the cryptocurrency world.

The Bitcoin price dropped to $38K on March 18th, 2021, after a period of sustained growth and a new all-time high of $61K. This marked a 37.5% drop in the price of Bitcoin in just 48 hours. The cause of this sudden drop is still unclear, but some speculate that it was due to a sell-off from institutional investors.

In the midst of this price drop, Fidelity Investments announced that it would be adding Bitcoin to its 401K retirement plans. This is a major milestone for the cryptocurrency, as it will now be available to millions of Fidelity customers as a retirement investment option.

The addition of Bitcoin to 401K retirement plans is a sign of growing institutional acceptance of the cryptocurrency. This could lead to further adoption of Bitcoin by other institutional investors, as well as retail investors.

The news of Bitcoin’s addition to 401K retirement plans has been met with mixed reactions. Some believe that this will be a positive step forward for Bitcoin’s long-term prospects, while others are concerned that this could lead to an even larger price crash.

Only time will tell if the addition of Bitcoin to 401K retirement plans will be a positive or negative development for the cryptocurrency. However, it is clear that the cryptocurrency industry is continuing to grow and evolve, and that institutional acceptance of Bitcoin is on the rise.