{"id":303466,"date":"2021-07-20T15:16:25","date_gmt":"2021-07-20T12:16:25","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/80b-wiped-off-crypto-market-as-bitcoin-drops-below-30k\/"},"modified":"2021-07-20T15:16:25","modified_gmt":"2021-07-20T12:16:25","slug":"80b-wiped-off-crypto-market-as-bitcoin-drops-below-30k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/80b-wiped-off-crypto-market-as-bitcoin-drops-below-30k\/","title":{"rendered":"#$80B wiped off crypto market as bitcoin drops below $30K"},"content":{"rendered":"

“#$80B wiped off crypto market as bitcoin drops below $30K<\/strong>”<\/p>\n

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About $80 billion has been wiped off the cryptocurrency market in the past 24 hours as bitcoin slumped below $30,000 per coin again, pressuring the price of other cryptos as well.<\/p>\n

Bitcoin fell more than 5 percent Tuesday and was last seen trading at about $29,600 per coin, according to data from Coinbase.<\/p>\n

It\u2019s the first time the price of bitcoin has fallen below $30,000 per coin since about a month ago. Some investors view that price as a key support level for the digital coin.<\/p>\n

Ether was down about 6 percent to $1,750 per coin, according to Coinbase, while binance coin and cardano were both down 12 percent and 11 percent, respectively.<\/p>\n

The value of the total crypto market dropped by about 6.6 percent in just 24 hours, according to data from CoinMarketCap. <\/p>\n

The value of all cryptos, according to CoinMarketCap, stood at about $1.19 trillion as of 7:30 a.m. ET. <\/p>\n

That\u2019s down about $80 billion from about $1.27 trillion the same time Monday. <\/p>\n

\"Bitcoin
Bitcoin tumbled more than 5 percent this morning.<\/figcaption>
Coindesk<\/span><\/figcaption><\/figure>\n

The drop in bitcoin and other cryptos came after a big sell-off in stocks on Monday that saw the\u00a0Dow Jones Industrial Average\u00a0book its\u00a0worst day since last October.<\/p>\n

The plunge comes after weeks of steady declines that\u2019s seen bitcoin drop more than 50 percent from its all-time high of almost $65,000 per coin reached in April. <\/p>\n

However, the price of bitcoin is still up more than 220 percent from this time a year ago.<\/p>\n

The recent declines in price have come as regulators around the world take a harder look at the crypto space and bitcoin, in particular. <\/p>\n

The Chinese government, for example, has hardened its stance on crypto trading and bitcoin mining, the energy-intensive process whereby computers process current transactions and are rewarded with new coins. <\/p>\n

Regions in China that were once major homes to the bitcoin mining industry have recently banned the activity and Beijing has instructed financial companies not to offer crypto-related services. <\/p>\n

The crackdown even led to more than 1,000 arrests last month. <\/p>\n

Elsewhere in the world, Binance, the world\u2019s largest cryptocurrency exchange, has been the target of renewed scrutiny in Europe and Asia. <\/p>\n

Regulators in the UK barred Binance last month from carrying out any regulated activities in the country. <\/p>\n

Authorities in at least three other countries, Japan, Canada and Thailand, have also issued warnings about the exchange.<\/p>\n

\"Due
The price of bitcoin is still up more than 220 percent from this time a year ago.<\/figcaption>
REUTERS\/Toya Sarno Jordan\/Illustration<\/span><\/figcaption><\/figure>\n

Crypto enthusiasts have often called regulatory crackdowns a boon for the industry and a sign that the sector is becoming normalized and regulated. <\/p>\n

But skeptics largely view regulation as an unknown with regard to cryptos \u2014 and a factor that could prevent widespread adoption of the digital coins.\n <\/p><\/div>\n

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If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#$80B wiped off crypto market as bitcoin drops below $30K” About $80 billion has been wiped off the cryptocurrency market in the past 24 hours as bitcoin slumped below $30,000 per coin again, pressuring the price of other cryptos as well. Bitcoin fell more than 5 percent Tuesday and was last seen trading at about…<\/p>\n","protected":false},"author":1,"featured_media":303467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/07\/bitcoin-09.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74862,112278,76127,70934],"class_list":["post-303466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-7-20-21","tag-cryptocurrency","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/303466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=303466"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/303466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/303467"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=303466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=303466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=303466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}