plunges

Bitcoin (BTC) falls below $30,000 as cryptocurrency market plunges

A representations of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021.

Dado Ruvic | Reuters

The price of bitcoin dropped below $30,000 late Monday night for the first time since Jun. 22, dragging other digital coins lower with it.

Bitcoin is trading in the $29,000 range, about 3% lower on the day, according to Coin Metrics. Ether is down 1.25% and XRP fell 4%. Even with the plunge bitcoin is up 2.3% for the year, according to CoinDesk data. Ether and XRP are both up about 140% for the year.

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Dow plunges over 900 pts as virus surge fans recovery fears

The Dow sank more than 2% on Monday as investors sold off economically sensitive shares and travel stocks and sought the perceived safety of bonds on fears that a spike in COVID-19 cases would derail a broader economic recovery.

New infections surged in parts of Asia and England, while U.S. COVID-19 cases soared 70% last week, fueled by the Delta variant.

All 11 S&P sectors fell, with the so-called value stocks, including financial, industrial, materials and energy, dropping between 2.0% and 3.9%.

The banking sub-index sank 3%, tracking a fall in the benchmark 10-year Treasury yield to mid-February lows.

“There’s

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Bitcoin (BTC) price plunges below $40,000, but bottom could be near

In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in front of the Bitcoin course’s graph on February 09, 2021 in Paris, France.

Chesnot | Getty Images

Bitcoin fell sharply on Tuesday continuing a major sell-off that began a week ago.

The digital currency fell over 13% to hit an intraday low of $38,585.86 at around 12:54 a.m. ET, according to CoinDesk data. It was the lowest level since Feb. 9, the last time it dropped below $40,000.

Negative news over the past week has dampened sentiment for bitcoin.

On May 12, Tesla CEO

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Bitcoin (BTC) price plunges as $260 billion wiped off cryptocurrencies

LONDON/GUANGZHOU, China — Bitcoin and other digital currencies plunged on Friday as a proposed capital gains tax hike from U.S. President Joe Biden led to a wave of selling.

Bitcoin was down 7.3% at $49,730, according to Coin Metrics data. It’s the first time bitcoin has traded below $50,000 since early March. Ether fell to $2,320, down 8%. XRP, the fifth-biggest cryptocurrency, plunged 16%.

Bitcoin rebounded late Friday to above $51,000.

This wiped out more than $200 billion of value from the entire cryptocurrency market, according to data from CoinMarketCap.

“The market has run up quite a bit overall, and

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