• Today, the trend has been down for,, and all other currencies.
• Most likely, several factors triggered the sell-off.
• Bitcoin dropped more than 3 percent and traded at $29 258.

Today, the Bitcoin price (BTC), and all other cryptocurrency prices have been falling. Bitcoin is now below $30,000. Dogecoin as well other currencies also took a beating.

Bitcoin traded at $29,600 on Thursday midday, down more that 12% from the price it was 24 hours earlier. The COIN360 cryptocurrency heatmap shows that the value of all cryptos has dropped by over $600 billion in the last week.

The sell-off was likely to be triggered by a number of factors, including investors’ fears about tighter regulation and the potential for a worldwide economic slowdown. Another factor was that Bitcoin’s price had been steadily rising in recent weeks. Analysts believe it is due for a correction.

Bitcoin fell below $30,000. Today, just a day after it rose by 5.33% and reached $30,204.92. The world’s …

Continue reading on CoinQuora