Bitcoin Falls Below $30,000 Once Again.

Bitcoin, the world’s largest cryptocurrency, is under pressure again after breaking one of its longest losing runs.

Earlier today, Bitcoin the crypto king fell to $29,184, wiping out all of this week’s gains.

At the time of writing, Bitcoin was trading at $29,586 on the Bitstamp exchange.

According to CoinGlass data, around $143.08 million in cryptocurrencies have been liquidated in the last 24 hours. More than 84% of the wipeout is due to long holdings.

BNB is the leading laggard among the top 10, falling nearly 10% after Bloomberg reported that the US Securities and Exchange Commission was investigating the top exchange token.

After minor advances in most market indices on Monday, US stock index futures are also in the red.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Patrick

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