Bitcoin believers had their faith tested again as the digital currency s value crashed back below the $30,000 mark.
The crypto slid by 3 per cent to trade at $29,785 last night as it failed to recover from a sell-off that struck most financial markets on Monday.
But when bitcoin falls, others follow. And sure enough, rival coins such as ethereum, cardano and dogecoin also tumbled.
Crypto crash: Bitcoin slid by 3 per cent to trade at $29,785 last night as it failed to recover from a sell-off that struck most financial markets on Monday
The dip below $30,000 means bitcoin s gains so far this year have been all but wiped out and are now just 2 per cent higher than the start of 2021.
Bitcoin price - live: Crypto market bounces back as btc returns above $30k
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