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BTC Drops Below $30K, ETH Plummets to Lowest Prices Since March 2021 (Market Watch)

Bitcoin hit a two-week low below $ 30,000 after the US released the latest record CPI data. Altcoin is even worse, with ETH plummeting to its lowest price level since March 2021.

Bitcoin falls again

Last week, I challenged $ 32,000 on several occasions, which made me look somewhat positive about the primary cryptocurrency. In one attempt, BTC surpassed that level and hit a record high of $ 32,400 in a few weeks.

However, the bear stepped up every turn and did not allow the increase.In the end, they BTC down Assets to $ 30,000 spent the last two days.

at this point, US Consumer Price Index ReleasedShows a new 40-year record for inflation – an increase of 8.6% year-on-year. As in the previous example, news has led to increased volatility in the crypto market, with BTC falling by more than $ 1,000 per hour.

Below $ 29,000 marked the new lowest level since the end of May. For now, BTC stands just above that border. Its market capitalization has dropped to $ 560 billion, but its advantage over alternatives is up to 46.7%.

BTCUSD.. Source: TradingView

Notable 24-hour Bitcoin News

VanEck CEO Despite the turmoil and market recession predict The future price tag for BTC is $ 250,000. However, he believes this can take decades.

Max Keizer explanation His view on why the SenLummis crypto bill doesn’t work because Bitcoin is the only real commodity.

Jack Dorsey Snubbed Web3 Overview A new Web5 platform built on the Bitcoin blockchain.

ETH sees the lowest of the year

With the exception of LEO, which is now slightly green, I haven’t enjoyed the rest of Altcoin for the past 24 hours.

Ethereum is one of the biggest losers, declining by 7% per day. As a result, ETH was below $ 1,700, the lowest price since March 2021 at around $ 1,650 (bitstamp).

Solana, Avalanche, and MATIC all lose similar percentages from low cap alt. Ripple, Cardano, Dogecoin, Polkadot, TRON and Shiba Inu are also in the red.

It’s no wonder that the market capitalization of cryptocurrencies has fallen by $ 60 billion a day and is now below $ 1.2 trillion, as low and mid-cap stocks are also retroactive.

Cryptocurrency market overview. Source: Quantify Crypto
Cryptocurrency market overview. Source: Quantify Crypto

Altcoin News

CryptoPotato report Yesterday, all readers need to know about Monero’s tail emissions.

Attacker behind 20 million OP tokens Came back The remaining 17 million after selling one million and sending two more to Vitalik Buterin on Ethereum.

master Card Alliance We have worked with several companies, including Immutable X and The Sandbox, to make it possible to buy NFTs with fiat money.

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Disclaimer: The information found in CryptoPotato is that of the author cited. It does not represent Crypto Potato’s opinion on whether to buy, sell or hold an investment. We recommend that you do your own research before making an investment decision. Please use the information provided at your own risk. See Disclaimer for more information.

Cryptocurrency chart According to TradingView.

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