Bitcoin slips below $30,000, the lowest in nearly five months

Jun 22, 2021 | The Block News | 0 comments


The price of bitcoin has dropped below $30,000 as the bearish sentiment in the crypto market continues.

At the time of writing, bitcoin is trading at around $29,800. The last time when bitcoin went below $30,000 was on January 27, when the cryptocurrency hit a low of $29,367.

As a result of the price drop, bitcoin’s market capitalization has plunged from a recent over $1 trillion to nearly $660 billion, according to tracker CoinGecko.

Meanwhile, ether (ETH), the second-largest cryptocurrency after bitcoin, is trading at around $1,770. ETH was over $4,000 in mid-May.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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