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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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