Connect with us

News

Bitcoin fell below the psychologically important $ 30,000 mark

Published

on

Bitcoin fell below $ 30,000 for the first time since June 22, causing other digital coins to fall as well.

The fall in bitcoin came after a big sell-off in global stock markets. Monday was the worst day for the Dow Jones Industrial Average since October last year.

“There is a massive sell-off in the global markets, with risky assets shrinking everywhere,” said Annabelle Huang, partner at Amber Group, a cryptocurrency financial services firm.

There are concerns about the quality and strength of the economic recovery and the weakening of assets with broader risks, including high yields. Coupled with the recent weakness in Bitcoin, this has led to a further decline in the cryptocurrency market.

Annabel Huang

A drop in bitcoin below $ 30,000 could be the start of a move towards a mark between $ 22,000 and $ 24,000. So says Vijay Ayyar, head of business development at the Luno cryptocurrency exchange.

Since Bitcoin hit an all-time high of nearly $ 65,000 in mid-April, its price has dropped more than 50%.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest News

Components38 mins ago

Biostar unveils AMD Radeon RX 6600 XT graphics card

Biostar has announced the release of its variant of the AMD Radeon RX 6600 XT graphics card. Recall that the...

Software43 mins ago

Big Telegram update: video calls for 1000 people, video acceleration and much more

The team of the popular messenger Telegram has announced a major update. Telegram 7.9 brings such innovations as video calls...

Software1 hour ago

Xiaomi started testing Android 12 for Redmi K30 Pro and Poco F2 Pro

The next version of Android (Android 12) has been in beta testing for several weeks now. Google is expected to...

News1 hour ago

Amazon fined in Europe for violating data privacy rules

The European Union has imposed a record high fine of € 746 million on Amazon for processing personal data in...

Gaming1 hour ago

Microsoft has released Windows 10 update with many fixes, including game and performance issues

Microsoft has released a cumulative update for the Windows 10 operating system with many fixes and improvements. Update KB5004296 is...

Components2 hours ago

Sapphire announces RX 6900 XT Toxic air-cooled graphics card

Sapphire appears to be preparing an air-cooled version of its top-end RX 6900 XT Toxic graphics card. Recall that in...

Phones2 hours ago

Why did used Huawei 5G smartphones rise in price after the announcement of Huawei P50 and P50 Pro? Due to the lack of 5G support in new phones

According to sources, after the announcement of the flagship smartphones Huawei P50 and Huawei P50 Pro, prices for used Huawei...

News3 hours ago

Contaminated gas arrives at key TSMC plant that makes chips for Apple

The TSMC plant, which makes Apple processors, has received contaminated gas used in the process of manufacturing microcircuits. This was...

Advertisement

Most Popular