Bitcoin Price Crashes Below $30K As Markets Show Signs Of Paranoia
Bitcoin has lost almost 10% of its value during the past 24 hours, falling below $30,000 for the first time since July 2021. And one analyst worries that the largest cryptocurrency might fall even worse. BTC’s Tuesday decline is more than 55 percent lower than its November 2017 all-time high of $69,000. Year-to-date, Bitcoin prices have decreased by 34%. Year-to-date, Bitcoin prices have decreased by 34%. The world’s most sought-after crypto asset plunged to $29,870.30 around 8 p.m. EST, TradingView data shows. Suggested Reading | Shiba Inu: Biggest Dollar Holding Among....
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BTC prices continue to trend downwards as prices remain bearish, with price trading on critical support. BTC trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs. The price of BTC needs to break and hold above the key resistance of $20,500 to initiate recovery signs for the price. The price of Bitcoin (BTC) continues to struggle to discover its bullish trend as the price fails to break the key resistance of $20,500 against tether (USDT). Bitcoin (BTC) and other crypto assets enjoyed a relief bounce in previous weeks that saw the crypto market....
Bitcoin has historically seen its price down from previous highs for more than three years, and the latest peak took place just seven months ago. Bitcoin (BTC) experienced one of its most brutal crashes ever in 2022, with the BTC price plummeting below $20,000 in June after peaking at $68,000 in 2021.June 2022 has become the worst month for Bitcoin since September 2011, as its monthly losses mounted to 40%. The cryptocurrency also posted its heaviest quarterly losses in 11 years.However, the current market sell-off doesn’t make Bitcoin crashes and bear markets exclusive to 2022. In fact,....
"Weimar signs" that the fiat money system is entering hyperinflationary territory keep appearing, making the case for bitcoin.
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