[Taklimakan Blog] Bitcoin Price Dropped below $30 Thousand for the First Time since January

Over the past day, the first cryptocurrency has fallen in price by 9%, the decline is taking place against the backdrop of negative news from China and a record inflow of bitcoins to exchanges

The bitcoin rate on the Binance crypto exchange dropped below $30 thousand for the first time since January this year. At the minimum, altcoin quotes fell to $29.2 thousand. Over the past day, it fell by 9%. The asset’s market capitalization has shrunk to $560 billion, according to CoinGecko.

Bitcoin set an all-time high of $64,800 on April 14. Over the past two months, the price of cryptocurrency has collapsed by 55%.