Bitcoin, the world’s largest crypto asset by market cap, is down nearly 40% since hitting a record of just under $65,000 in mid-April. With this Bitcoin plunge, the overall cryptocurrency market is in a downtrend.
![Bitcoin's [BTC] Dive To $30K Triggers Outage In Crypto Exchanges](https://crypto-economy.com//wp-content/uploads/2021/05/elena-mozhvilo-nhYK4qIv9Pg-unsplash-e1621446006141.jpg)
Bitcoin [BTC] dropped as low as $30k on the 19th of May. The dive deeper into the bearish hole brought misery to not the coins which
Bitcoin has dived below $45K levels after the recent price influencer Elon Musk hinted that his electric automaker Tesla may have sold or sell the rest of its bitcoin holdings.
The Bitcoin price crashed below $50k following news of Elon Musk backtracking, saying Tesla won’t be accepting payment in Bitcoin from now on.
The massive Bitcoin bull and the public trade business intelligence company MicroStrategy have gained notoriety in buying whenever the crypto-asset dipped. The latest purchase comes just
Bitcoin (BTC) dipped below $50K to $46K levels after Tesla CEO Elon Musk’s announced that the electric vehicle manufacturing company will no longer be accepting bitcoin payment for its vehicles.
Some analysts have described the Bitcoin price as a “coiled spring.” It is given the asset’s inability to crawl out of the $10k zone of the
Ether (ETH) has most recently surged above $3,000 levels for the first time and reached a new All-Time-High (ATH) of $3,163 on Monday, according to CoinMarketCap.
The Bitcoin price remains in consolidation below $60k, struggling to overcome resistance at $55k.
Bitcoin has returned to $50K after seeing a continuous downfall of 5 consecutive days. On Sunday, April 26, Bitcoin rose for the first time in six days, surging above $52,000 as bulls pushed prices higher in early Asia trading hours Monday.
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