Bitcoin price fell hard: below $30,000

There is no trace of the old days of Bitcoin, which reached its historical peak by exceeding 60 thousand dollars last year. The crypto money market is going through difficult times with the effect of the increase in inflation around the world and the interest rate decision of the US Federal Reserve (FED).

BTC recently dropped below $ 40 thousand, which it has been watching for a while, and fell to $ 30 thousand. He hadn’t experienced such a drop in a long time. Today, on May 12, within 24 hours according to CoinMarketCap data depreciated by 11 percent. The popular cryptocurrency remained below 30 thousand.


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Bitcoin price saw 26 thousand dollars

Bitcoin price around 10:00 this morning falling to $26,350, saw the lowest level of 2022. Although it rises to $ 27 thousand again in a few hours, its course frightens its investors, considering the last 1-year change. Currently trading around $28,000.

bitcoin price

According to data from CoinMarketCap, BTC in the last 24 hours highest 32 thousand dollars he saw. 42 thousand 893 in 1 month, in 1 year 68 thousand 800 dollars with the peak. However, in February, after the military operation against Ukraine on the orders of Russian President Putin, it lost 9 percent of its value.

Ethereum is also down

Not only Bitcoin, but also the price of other cryptocurrencies, including Ethereum, is falling. Ethereum in the last 24 hours $1,900, down nearly 20 percent while regressing; BNB Coin fell 19 percent to $ 250. On the other hand, XRP is currently hovering at $0.370, Binance USD at $1.01 and Dogecoin at $0.0773.

Important Note: It is not investment advice. It has been prepared for informational purposes.

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