21st July 2021
Bitcoin (BTC) failed to regain $30,000 after losing support on Tuesday as Fear & Greed indexes raced each other to the bottom.
BTC’s price stays below $30,000 waterline
The price of bitcoin dropped below $30,000 late Monday night for the first time since Jun. 22,
abruptly adding to existing losses to seal 24-hour negative returns of -6%
dragging other digital coins lower with it.
More selling ahead?
A look at buy and sell positions on major exchange Binance, meanwhile, showed support remaining in place between $27,000 and $29,000 despite the price dip.
“No real run of volume yet, through which the liquidity tap should still happen or we’ll see a test at $24K for Bitcoin.”
Cointelegraph’s Michaël van de Poppe warned .
Altcoins double daily losses
Altcoins compounded existing weakness as Bitcoin fell, with many of the top 50 cryptocurrencies by market capitalization hitting 20% weekly losses.
Ether (ETH), the largest altcoin, lost a longer-term 2021 uptrend on Monday, continuing to trade below $1,800
and other digital currencies continue to fall.
