Bitcoin’s price has dropped to an 18-day low of $29,650, causing most altcoins to turn red as well. Ethereum (ETH) is close to breaking below $1,900 and SOL has experienced the biggest dump among larger caps. Bitcoin recently experienced a roller-coaster ride, reaching its highest price in over a year at $31,800 following Ripple’s court win over the SEC. However, it quickly nosedived back to $30,000 and has struggled to regain momentum since. On Tuesday, BTC slumped to $29,650, its lowest point since June 30. Although it has recovered some losses, it remains uncertain above $30,000 with a market cap of under $585 billion and dominance over altcoins at 48.6%.
– Bitcoin’s price hits an 18-day low at $29,650
– Most altcoins turn red, with ETH close to breaking below $1,900
– BTC experiences a roller-coaster ride, reaching $31,800 before plummeting back to $30,000
– Bitcoin struggles to gain momentum, remaining shaky above $30,000
– BTC slumps to $29,650, its lowest point since June 30
In conclusion, Bitcoin’s recent price drop to an 18-day low of $29,650 has had a negative impact on most altcoins. Despite reaching its highest price in over a year, BTC quickly lost momentum and has struggled to recover. This volatility highlights the uncertainty surrounding the cryptocurrency market.
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