Bitcoin, the world's first digital currency, slid to 5 months low of $29,454. BTC has lost 8.56% in a one-day selloff amid a continued Chinese crackdown on cryptocurrencies.
Source: coinmarketcap.com
Meanwhile, other top cryptocurrencies, including Ethereum, dogecoin and BNB have extended their negative trades.
It's worth noting that so far Bitcoin has lost almost half of its all-time-high value ($64,000) last April. Some analysts argues that this breaking below $30,000 key level might lead to more losses.
Disclaimer: The Cryptocurrency market is considered highly speculative, risky, and largely unregulated. Anyone mulling investing in it, should be aware there's a risk of losing their entire investment.
