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Bitcoin Crashes Below $30K As Crypto Woes Worsen Amid BlockFi Cease-And-Desist Order

Bitcoin (CRYPTO: BTC) fell below the key $30,000 mark in the early hours of Tuesday as the New Jersey-based privately held lending platform BlockFi became the latest to face regulatory pressures. What Happened: The apex coin traded 6.48% lower at $29,699.02 over 24 hours at press time. BTC is down 10.38% for the week. See Also: The fall in BTC came among a wider decline seen in cryptocurrencies whose collective market capitalization fell 7.04% to $1.2 trillion at press time. On Monday, BlockFi received an order from the New Jersey Bureau of Securities to suspend applications for new interest accounts in the state, as per a tweet from BlockFi CEO Zac Prince, first seen on The Block.

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Bitcoin, Ethereum, Dogecoin Trade Flat, As Minor Altcoins Strike Gains; Analysts Anticipate Breakout

Telcoin (CRYPTO: TEL). Over 24 hours TFUEL traded 4.47% in the green at $0.29, AMP was up 4.34% at $0.045, and TEL rose 4.08% to $0.013. Why It Matters: Bitcoin continues to keep its head above the $30,000 mark with the latest shot in the arm for the cryptocurrency coming from Bank of America Corp (NYSE:BAC) which approved futures trading in the cryptocurrency for some clients on Friday, as per a CoinDesk report. It is noteworthy that Bank of America had labeled the apex coin as “impractical” in March and then earned the wrath of the cryptocurrency community. At the time the bank had said there is “no good reason to own Bitcoin unless you see prices going up.”

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Is Bitcoin On Track To Dip Below $30,000?

Is Bitcoin On Track To Dip Below $30,000?
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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NFL s Saquon Barkley To Take 100% Of Endorsement Money In Bitcoin

NFL s Saquon Barkley To Take 100% Of Endorsement Money In Bitcoin
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Even A Tanking Bitcoin Is Good For Coinbase s Business, Goldman Sachs Says As It Reiterates Buy Rating

Even A Tanking Bitcoin Is Good For Coinbase s Business, Goldman Sachs Says As It Reiterates Buy Rating
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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