Bitcoin Dips Below $30K, Erasing This Week’s Gains

article image

Alex Dovbnya

Track live crypto price of 10000+ coins!

The price of Bitcoin has once again dipped below the $30,000 level

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The price of Bitcoin dropped below the $30,000 level earlier today on the Bitstamp exchange.

Image by

After dipping to $29,869, the top cryptocurrency is now dangerously close to turning negative on the weekly chart.

As reported by U.Today, Bitcoin recently scored its ninth consecutive week in the red, and bears have a decent chance to extend this bearish streak if the top cryptocurrency remains below $29,454 on Sunday.

Related:  punished for being created for criminal purposes

Solana (SOL) is the top laggard today, dipping by nearly 9% after the network suffered yet another outage. The blockchain’s validators stopped processing new blocks, which made the whole network unusable.

SOL is now on verge of dropping below meme cryptocurrency Dogecoin (DOGE) for decades.

Cardano (ADA) is also among the top laggards, dropping by more than 7% over the last 24 hours.

The value of the entire cryptocurrency currently stands at $1.2 trillion.

Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: