Bitcoin price falls $30,000, other cryptocurrencies in red
Bitcoin’s price was 0.55 per cent down at $29,686.88. Ethereum fell 3.18 per cent to $1,923.80.
Binance Coin fell more 4 per cent, XRP was down 1.86 per cent, Solana fell 5.26 per cent.
HIGHLIGHTS
- Bitcoin has been trading in a tight range
- Dogecoin was down 3.27 per cent
- Shiba Inu fell 1.97 per cent
Bitcoin’s price fell below $30,000-mark on Thursday as other major cryptocurrencies slipped into the red.
The current uncertain environment of high inflation and sagging economic indicators have an impact on investors’ sentiments, according to data on CoinDesk.
BITCOIN PRICE
Bitcoin’s price was 0.55 per cent down at $29,686.88. Ethereum fell 3.18 per cent to $1,923.80.
“Bitcoin fell below the US$30,000 level. BTC has been trading in a tight range for the past few weeks. BTC’s price is consolidating. Even though there are chances of BTC’s price improving, it could be limited,” Edul Patel, CEO and Co-founder, Mudrex said.
“As the momentum improves over the past week, this can keep the buyers active above the BTC’s support level,” Patel said.
Binance Coin fell more 4 per cent, XRP was down 1.86 per cent, Solana fell 5.26 per cent.
Major alt coins Dogecoin was down 3.27 per cent, Shiba Inu fell 1.97 per cent.
Cardano fell 3.28 per cent, Stellar was down 1.24 per cent, Polkadot was down 3.95 per cent, Avalanche fell over 8 per cent, Polygon was down 3.21 per cent.
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