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.
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.
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