Bitcoin sinks below $30,000 amid broader market sell-off

Hami Oerner and Itzik Lerner, right, learn how to use a new bitcoin ATM machine at Hacker Dojo in Mountain View, Calif., April 1, 2014. Robocoin is California's first permanent 24/7 bitcoin ATM machine. (Photo by Gary Reyes/Bay Area News Group/MCT/Sipa USA)

For bitcoin, a stronger dollar outlook means more people will likely prefer to hold the buck, said one analyst. Photo: AP

Bitcoin fell to a 6-month low on Tuesday, breaking a key support level of $30,000.

Cryptocurrencies were broadly under pressure on Tuesday morning amid a market sell-off. Analysts said a strengthening dollar and a global move to de-risk investments was hitting the asset class.

Bitcoin (BTC-USD) was down about 5.6% to trade at $29,834 (£21,832) on Tuesday morning in London….


Source link

About search

Check Also

Musk Leaves China With Tesla Driving Software Hurdles Cleared – Yahoo Finance

Musk Leaves China With Tesla Driving Software Hurdles Cleared – Yahoo Finance

[unable to retrieve full-text content]Musk Leaves China With Tesla Driving Software Hurdles Cleared  Yahoo Finance Source …

Leave a Reply

Your email address will not be published. Required fields are marked *