Bitcoin dipped to $ 29,900 this morning before rising beyond $ 30,000.
However, the circumstance reinforces analysts’ predictions that the downturn will continue. It wasn’t long ago that the course took such a dramatic and sustained drop. Bitcoin was valued at over $ 48,000 in early April, and the leading cryptocurrency has lost nearly 60% of its value in the last month and a half.
The value of bitcoin has dropped by 20% in the previous week alone (for the last day the decrease was almost 8 percent ). As a result, the cryptocurrency’s market value has dropped to $ 590 billion. Airtime has dropped by more than 18% in the last week and now costs $ 2,316; Solana has dropped by 26% in the last week to $ 65.2, and Cardano has dropped by more than 20% and now costs $ 0.6287.