Bitcoin Falls from $32,000 to $30,000, Losing Another 7%

Sat, 06/26/2021 - 08:35

King crypto has extended its fall from Friday’s $35,000, now trading slightly above $30,000

Bitcoin Falls from $32,000 to $30,000, Losing Another 7%

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The flagship cryptocurrency traded at the $32,000 level earlier today, however, by now the price has decreased to the $30,000 zone, losing almost 7 percent.

On Friday, Bitcoin was exchanging hands at $35,000 per coin.

The impact of the Chinese crackdown on cryptocurrency miners and crypto traders on the Bitcoin price continues along with that of the low BTC hashrate that has lost over 50 percent from its ATH of 171 EH/s.

Bitcoin Hashrate Hard to Restore to 130E This Year Unless China Softens Its Grip: Insider Colin Wu

The ATH was reached on May 13 and by June 24 the BTC hashrate dropped to 83.4 EH/s – the low last seen after the Bitcoin halving in May last year.

#Bitcoin News

About the author

Yuri Molchan

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.