Bitcoin Dips Below $30K for First Time Since Start of Year After China Ramps up Crackdown
- Date: 22-Jun-2021
- Source: Newsweek
- Sector:Economy
- Country:Middle East
Bitcoin Dips Below $30K for First Time Since Start of Year After China Ramps up Crackdown
Bitcoin fell below $30,000 for the first time since the beginning of the year on Tuesday as China has continued to ramp up its crackdown on the world's most popular cryptocurrency.
According to CoinDesk, the price of Bitcoin was trading at around $29,811 earlier on Tuesday but rallied to reach $30,536 as of publication time. Bitcoin hit a 24-hour low price of $28,814, according to CoinDesk.
Since May, Bitcoin's price has continued to decrease after reaching an all-time high of $64,829 in April. According to data from CoinDesk, the price of Bitcoin has not dipped below $30,000 since Jan. 1 when it was trading around $29,333.
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