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Bitcoin drops below $30,000 as Crypto market dips again

Bitcoin drops below $30,000
Bitcoin drops below $30,000

Bitcoin drops below $30,000

It was a horrible News as Bitcoin drops below $30,000 for the first time since Jun. 22 hauling other digital coins deeper.

About $98 billion was wiped off the entire cryptocurrency market in 24 hours as of 12:29 a.m. ET on Tuesday, according to CoinMarketCap data.

Bitcoin was low more than 6% while ethereum fell approximately 9% and XRP tanked almost 10%, according to CoinDesk data.

The heartbreaking moment in bitcoin came after a big sell-off in global stock markets. On Monday, the Dow Jones Industrial Average had its worst day since last October.

There’s been a broad sell-off in global markets, risk assets are down across the board, Annabelle Huang, partner at cryptocurrency financial services firm Amber Group, said.

Huang also revealed that;

Coupled with recent BTC (bitcoin) weakness, this just sent crypto market down further.

Meanwhile, having statistics that bitcoin’s all-time high was nearly $65,000 in mid-April, its price has plunged over 50%.

Fingers are crossed as whalers will soon be liquidated.

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