Bitcoin Dropped Below $30k

For the first time in the past four weeks, the Bitcoin price dropped below the $30,000 level.

At the time of writing, the first cryptocurrency has been trading at $29,728. But then the BTC rate dropped below the steady level of $30,000 that seemed to be maintained for the past four weeks.

Since mid-May, Bitcoin was traded in the $30,000 to $40,000 range. And only on June 22, the rate fell below $30,000.

In early July, most Wall Street investment directors expected Bitcoin to drop below $30,000 by the end of the year.

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