Highlights

  • Bitcoin fell below $30,000 and later jumped to $31,000
  • Heavy sell-off in equities

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Bitcoin falls below $30,000 for the first time in 10 months

The total market cap of cryptocurrencies was down 10 percent to $1.4 trillion; more than halved from its all-time high.

Bitcoin, the largest cryptocurrency in the world, fell below the $30,000 level for the first time in 10 months.

As per CoinGecko, Bitcoin hit $29,996 before jumping back above $31,000.

The cryptocurrency is down more than 55 percent from its all-time highs of $69,000.

The total market cap of cryptocurrencies was down 10 percent to $1.4 trillion; more than halved from its all-time high.

Tightening of monetary policies across the globe is leading to a mass sell-off not just in cryptos but equities as well.

Also read/watch | Wall Street Collapses: Nasdaq down 4%, S&P500 lowest in a year

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