Offbeat cryptocurrency: Bitcoin falls below 30,000 US dollars

12:15  22 january  2021
12:15  22 january  2021 Source:   handelsblatt.com

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Bitcoin plunged roughly 12 percent on Thursday, breaking below critical support levels to target $ 30 A $ 30 , 000 Bitcoin . The pessimistic fundamentals flipped Bitcoin ’s short-term bullish bias to ABOUT US . NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis

Bitcoin lost more value today, reaching roughly ,500. Will the cryptocurrency shed more blood, or will it bounce back quickly? Further, it was trading at its lowest point since July 27, when the digital asset fell below , 000 . [Ed note: Investing in cryptocoins or tokens is highly speculative and the

  Kryptowährung: Bitcoin fällt unter 30.000 US-Dollar © picture alliance / dpa / MAXPPP | Alexandre Marchi

At the beginning of January the digital currency still reached its record high, now Bitcoin is continuing its price slide. Two points could be responsible for this.

The recent setback of the digital currency Bitcoin widened before the weekend . Bitcoin fell below the $ 30,000 mark on Friday for the first time since the beginning of January.

In the low, the cryptocurrency was 7.7 percent in Asian trading to around 28,800 dollars. After that, the value of the coin stabilized again at just over 30,000 euros.

The price of the cryptocurrency had moved around $ 31,700 the day before . But this rate was already almost 14 percent lower than in the previous week. At the end of 2020,

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Now that Bitcoin has lost the , 000 and $ 30 , 000 support, a growing number of analysts are suggesting that the price could retest the , 000 support. One theory behind the dip suggests that institutional investors viewed Bitcoin as a crowded trade and decided to take profits.

Find the latest Bitcoin USD (BTC- USD ) stock quote, history, news and other vital information to help you with your stock trading and investing. Breaking News • Jan 15, 2021. Gaming developer Playtika soars more than 30 % on its first day of trading.

started a price rally that drove Bitcoin to a record high of around $ 42,000 in early January. However, calls for stricter regulation of crypto currencies are also repeatedly being heard, which repeatedly weighs on the price. "Investors fear that the US government could tighten the regulatory belt too tight and Bitcoin and Co. could take the air to breathe," said analyst Timo Emden from Emden Research.

Another reason for selling, according to stockbrokers, was the warning from the research house BitMex that some Bitcoin could have been issued twice. However, these concerns were soon allayed.

investors were still scared of this news, said analyst Kyle Rodda of the brokerage house IG. "You shouldn't read too much into an immature market like Bitcoin, but the dynamic has reversed."

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US 30 Y T-Bond. Euro Bund. Cryptocurrency . This article has already been saved in your Saved Items. © Reuters. Bitcoin Falls 10% In Bearish Trade. Investing.com - Bitcoin was trading at ,530.0 by 11:41 (16:41 GMT) on the Investing.com Index on Thursday, down 10.10% on the day.

bitcoin fell below the , 000 level on Wednesday as uncertainty over recent reports that China could move to ban cryptocurrency trading on domestic Elsewhere, the price of bitcoin offshoot Bitcoin Cash was lower. It touched a low of 2.90 and was last at 9.46, having opened at 8.98.

Critics see the discontinuity of Bitcoin as evidence that it is unsuitable as a means of payment and a financial investment. In addition, computer generation - so-called mining - consumes a lot of energy and is expensive.

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