Coinscreed
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos
Advertise
No Result
View All Result
  • bitcoinBitcoin(BTC)
    $30,046.001.90%24H
    BITCOIN
    24H : 1.90%
    Volume : $15,932,411,425.00
    Marketcap : $572,220,198,188.00
  • ethereumEthereum(ETH)
    $2,016.101.86%24H
    ETHEREUM
    24H : 1.86%
    Volume : $8,686,420,868.00
    Marketcap : $243,711,420,232.00
  • binancecoinBNB(BNB)
    $318.362.05%24H
    BNB
    24H : 2.05%
    Volume : $1,511,525,594.00
    Marketcap : $53,527,535,902.00
  • rippleXRP(XRP)
    $0.4180.740%24H
    XRP
    24H : 0.740%
    Volume : $1,374,542,435.00
    Marketcap : $20,211,481,252.00
  • cardanoCardano(ADA)
    $0.5371.51%24H
    CARDANO
    24H : 1.51%
    Volume : $401,617,155.00
    Marketcap : $18,197,089,412.00
  • terra-lunaTerra(LUNA)
    $0.0001836.52%24H
    TERRA
    24H : 36.52%
    Volume : $1,299,246,313.00
    Marketcap : $1,175,887,796.00
Coinscreed
No Result
View All Result
homerun token
HomeBitcoin News

Bitcoin Falls Below $30K, Hitting A Six-month Low: Keep An Eye On The Following Price Support Levels

Chide Austin byChide Austin
11 months ago
inBitcoin News
Reading Time: 2 mins read
AA
Share on FacebookShare on Twitter
As Binance customers report technical difficulties, Bitcoin quickly breaks through the $30,000 support level.
Bitcoin Falls Below $30K, Hitting A Six-month Low: Keep An Eye On The Following Price Support Levels

On Tuesday, Bitcoin (BTC) went below $30,000 for the first time, as the largest cryptocurrency fell below a significant “line in the sand.”

Bitcoin’s price has risen from its low in May

BTC/USD smashed through $30,000 support, losing 6% in an hour and hitting its lowest levels since late January, according to data from Cointelegraph Markets Pro and TradingView.

SuggestedArticles

Bitcoin: PlanB Reveals Bear Market Is Almost Over

Bitcoin: PlanB Reveals Bear Market Is Almost Over

2 days ago
Bitcoin Argentina NGO Takes Crypto Education To Schools

Bitcoin Argentina NGO Takes Crypto Education To Schools

3 days ago

Bitcoin has suffered repeated fast bursts of negative volatility in recent days, culminating in Tuesday’s $30,000 breach, after plunging from $41,000 a week ago.

Traders were expecting the breakdown, according to Cointelegraph, and others were already predicting $25,000 or even lower prices.

Despite extensive claims that the shake-up will actually benefit Bitcoin in the long run, China and the attendant media attention around its mining crackdown seemed to be the primary source of bearishness.

“How is more Bitcoin mining power moving to the and the West a bad thing?” David Marcus, head of Facebook’s F2 project, queried on Monday.

“IMO China cracking down on mining is a great development for BTC.”

Above $25,000, support begins to ebb

BTC/USD was trading at $29,000 at the time of writing, with Bitstamp bouncing around $29,600.

As the market movement unfolded, Binance, the largest cryptocurrency exchange by volume, apparently started having technical issues.

The newest representation from monitoring site Material Indicators shows purchasers lining up at $25,000, with events taking out the $30,000 holdings displayed in the Binance orderbook data.

Tags: bitcoin

BTC365

Coinscreed

Copyright © 2022 Coinscreed

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Crypto Price Charts

Follow Us

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • DeFi
    • Blockchain News
  • Market Analysis
  • NFT
  • Metaverse
  • Cryptocurrencies
  • Learn
    • Bitcoin 101
    • Ethereum 101
    • Binance Smart Chain
    • DeFi 101
    • Ripple 101
    • ICO 101
    • Trading 101
    • Dogecoin 101
    • Lightening Network
    • NFT 101
  • Crypto How Tos

Copyright © 2022 Coinscreed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.