Bitcoin Fell Below $30K

On Wednesday, May 11, the Bitcoin exchange rate fell below $30,000, reaching a level of $29,200.

According to CoinGecko, over the past 24 hours, Bitcoin has fallen in price by 8.6%, and by 22.1% in a week.

Following the first cryptocurrency, other cryptocurrencies rolled down. Ethereum is trading below $2,200, having lost 10.8% in a day, Solana fell in price by 29.8% in 24 hours, and Dogecoin – by 22.1%.

According to Coinglass, the daily volume of liquidations in the futures market exceeded $770 million.

The fear and greed index in the crypto industry reached 12 points (“extreme fear”).