07/06/2022
Bitcoin Tumbles as Much as 7.1% to Drop Back Below $30,000
The largest cryptocurrency fell as much as 7.1% to $29,209, a level not seen since May 30. Other tokens also declined, with Ether falling up to 7.3% to $1,725. Avalanche dropped as much as 9.3%.
The moves come a day after Bitcoin climbed back above $31,000, sparking expectations among some investors that it has more room to rise. But it faced “significant resistance” around $31,500 to $32,000, according to Marcus Sotiriou, an analyst at UK-based digital asset broker GlobalBlock.
https://finance.yahoo.com/news/bitcoin-tumbles-much-7-1-034218646.html
(Bloomberg) -- Bitcoin fell back below $30,000 to the lowest in a week as yet another attempt at upward momentum lost steam amid risk-off markets.Most Read from BloombergAmazon’s Stock Split Delivers More Than Bargained ForApple Unveils Biggest MacBook Air Redesign in Over a DecadeElon Musk Says T...