The collapse of the most popular cryptocurrency, bitcoin, continues. For the first time since June 22, bitcoin has dropped below the psychological limit of 30,000 dollars, which has led to a depreciation of other cryptocurrencies, technews.bg reports.
The collapse of bitcoin comes after a big sell-off on world stock markets. Monday was the worst day for the Dow Jones Industrial Average since October last year.
“Global markets are selling well and risky assets are declining everywhere,” Anabel Huang, a partner at Amber Group, a cryptocurrency financial services company, told CNBC.
There are concerns about the quality and strength of the economic recovery and the weakening of broader risk assets, including high returns. Together with the recent weakness of bitcoin, this has led to a further decline in the cryptocurrency market, Huang added.
The collapse of bitcoin below $ 30,000 could be the beginning of a further decline to $ 22,000 – 24,000, predicts Vijay Ayyar, head of business development at the cryptocurrency exchange Luno.
After reaching a record high of nearly $ 65,000 in mid-April, bitcoin fell 50 percent.
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