Cryptocurrency price on July 30: Bitcoin drops below $67,000; Avalanche, Solana tank over 4%
Cryptocurrency markets traded lower on Tuesday as Bitcoin dipped after nearly breaching the $70,000 mark for the first time since mid-June.
The sell-off erased gains from earlier in the session when optimism, fueled by Republican presidential candidate Donald Trump's pro-crypto speech, lifted stocks.
The volatile cryptocurrency often sees pullbacks after reaching key milestones as investors book profits. The industry, however, cheered Trump's promise of friendlier regulation.
At 12:54 pm IST, Bitcoin (BTC) was trading 3.8% lower at $66,844, while Ethereum fell nearly 1% to $3,334. Meanwhile, the global cryptocurrency market cap dropped by 3.15% to around $2.4 trillion in the last 24 hours.
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View Details»«Bitcoin's price reached a six-week high following Donald Trump's speech in Nashville last week. However, it subsequently fell below the $67,000 mark after the US government transferred $2 billion worth of Silk Road tokens yesterday,» said Edul Patel, CEO of Mudrex.
«Currently, BTC is stabilizing around $66,500. The next support level is
