the bitcoin price came down after the sell-off in the global markets due to the rise of the COVID-19 infections.
Major cryptocurrencies have slid in the past 24 hours, with bitcoin trading below $30,000 for the first time.
The Global crypto market capitalisation is currently at $1.20 trillion, a decline of 2.58% in the past 24 hours.
Bitcoin the world’s Largest cryptocurrency fell as much as 5% to $29,300, it lowest since June 22. It was trading above $29,700. Bitcoin is now trading at $31,745.77
The downfall in bitcoin’s price came after a sell-off in global markets, sparked by a surge in COVID-19 infections. The Dow Jones Industrial Average fell 2.1 percent on July 19, its worst day since October 2020.
Ether down less than 1 percent, while Binance Coin is down 3 percent.
For more content based cryptocurrency news and reviews click here
Dislcaimerthis news and reviews blogs are only to educate, inform and deliver information to the public and is not an investment advice. Nothing should be taken as an offer to buy, sell or hold any cryptocurrency