2021-07-20 15:52:55
Bitcoin Plummets Below $30,000, Drags Entire Market Along
As bears continue to dominate the crypto scene, Bitcoin has breached the $30,000 support in an overnight crash. As expected, the rest of the cryptocurrency industry took a plunge as well, with double-digit losses across the crypto space resulting in about a $100 billion crypto market valuation decline.
Bitcoin fell into a bearish row after it crossed below the $36,000 level a few weeks ago. The benchmark cryptocurrency saw a$1,500 dump to an intraday low of $29,300, breaking the critical $30,000 level for the first time since June 22.
The market capitalization of the benchmark cryptocurrency has taken a beating, falling below the $560 billion price point. However, its market dominance has climbed above 46% as most altcoins suffered worse declines.
Ethereum (ETH), the…
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