Bitcoin drops to 30,000 US dollars, market capitalization “evaporates” 90 billion US dollars

On July 20, Bitcoin fell to $ 30,000 for the first time since June 22, joining the red in the virtual currency market.

About 90 Billion USD has been blown out of crypto market cap for the past 24 hours, according to CoinMarketCap data.

On July 20 at 11:10 a.m. (Vietnam time), Bitcoin fell more than 6% to 29,668 U.S. dollar and decreased by more than 10% in the last 7 days. Other cryptocurrencies also slumped, with Binance Coin slumping nearly 13%, Ethereum and Ripple slumping more than 8%.

Bitcoin’s decline comes amid a global sell-off in stock markets. On July 19, the Dow Jones Index recorded its worst trading day since October 2020, falling more than 700 points.

Vu Hao (according to CNBC)