Bitcoin sell-off intensifies as the crypto falls below $30,000 level, turns negative for the year

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Now that it is approaching $29,000, the price of bitcoin is threatening to turn negative for the year.

" that bitcoin could still rebound after Tuesday's move but there was significant downside to the next support level.

"$30,000, we'll see if it holds on the day. We might plunge below it for a while and close above it. If it's really breached, $25,000 is the next big level of support," Novogratz said. "Listen, I'm less happy than I was at $60,000 but I'm not nervous." Bitcoin has been struggling to reclaim its highs from earlier in the quarter. It fell dramatically in May following some market-moving tweets by Elon Musk about

, and then even further in early June around fears of the cryptocurrency's use in the Colonial Pipeline ransomware attack., where regulators have imposed new restrictions on energy-intensive mining and ordered financial institutions like Alipay to stop doing business with crypto companies. The price briefly touched $40,000 last week and fell again Monday.

 

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The amazing thing about Bitcoin is how well done and how long this scam is.But then again,Madoff fooled some financial titans and some super smart people for 30 years.

Mean while some one somewhere is having an evil laugh, at all the suckers and buys a 200 million dollar apartment as a vacation home.

Biggest scam ever.

i told yall niggas

I don’t understand the hype🙄someone have free time to explain to me 🙇🏻‍♀️,appreciate it thanks in advance 😍

Flash sale

Too volatile.

New headline, ‘Bitcoin Shows Resilience to Surge Back Up to $34,500’

no way. you're telling me that currency that people can literally just print- uh i mean 'mine' is dropping in value 😱

Why would you own Bitcoin at these prices?

Money is never sold With money people can buy anything World has to offer even other money Most important aspect with money is to be always customer ie, With BTC they are all buying ETH, yet selling BTC does not sound wise

Quickly, buy the dip. Oh wait, that's the new ceiling.

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All I'm seeing is that I really should buy this dip

This is terrible I'm sure I saw pumpers saying it's going to the moon never mind there is still 9999 other coins going to the moon

Downfall is running .. It had to happen

Buy Quant ( $QNT) much better than BTC... Up 100% in 2 weeks and plenty of growth coming. Less tokens than Bitcoin and still under $70each. Will be worth $1000 in the near future

Not for long fud Bitcoin Crypto

😂

damn

I'm buying Bitcoin now DM if you have Bitcoin for sale. Instant payment. Bitcoin Binance Coinbase blockchaintechnology

HyphyMckenzie

It's almost affordable

Bubbles burst!

WHYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY

And now it’s 34k. Try and keep up.

i just made 50k in bitcoin, by not buying bit coin

People want fake money to make real money

Fake 'virtual money' is virtually worthless...

This did not age well.

Forecast: Shoulder lean

Something about not an alt currency but investment blah blah blah...? 🤔 What did Elon do? I'm sure it'll go back up though, honestly.

Why is it always they YouTube certified day traders and not HOLDRS for guidance and pricing? WHY IS IT ALWAYS THE FRAKING SHORT-TERM DAY TRADERS?

Foolish! Falls from what? It is already 100% above what it was less than a year ago!

Wonder why?

People realising that crypto is a pyramid scheme

Let me know when it drops to $1 so I can invest. 😁

So it’s on sale again, will buy some more.

Bwahahaha

Who cares

I bought more Coinbase today. It's a bet on any crypto, not just Bitcoin or Etherium.

elonmusk 👿

You mean Bitcoin is on sale? Sweet!

The nothing is now worth nothing!

If you’ve been buying Bitcoin for a year ormore you’re still up a lot. I bet in 12 months those that bought at the 64 k to are up a lot….. as long as they don’t sell.

Gamers will be able to buy GPUs like candy now.

CNBC is working its magic. FUD

Good thing I sold off a good chunk of what I bought long a go at 55K

PeterSchiff right again? What?

Crypto = too complex and too many variables for using. Busted flush, but the techies will fight it all the way. In time, Fiat currencies will have parallel crypto tech. Existing lot is just ironing out the bugs, it’ll then be copied.

Those darned Russians were getting pretty greedy with their computer system hostage demands recently. Priced themselves right out of a job. Mustn't be used to all the 'free market' issues I guess...

Hey guys it’s been a profitable year for me trading on stocks and crypto...reach me on WhatsApp +1 (208) 696‑4325...let’s talk about the ongoing market and learn new things.try not to miss out guys

Bitcoin is fake, crypto currencies are all a con and nobody is actually making money out of it. Wake up!

I jest not. Poundshop sells Bitcoin.

The decline 'intensified' so much that it was back over $30k be the time this was tweeted. 🤦

When SDNY and OGA take action against Tether on 25 June, this will seem like mild news

And yet the fundamentals haven’t changed - it’s still the most sound money on earth cause some government can’t magically print more

Does people understand Crypto people get bitcoin for free and sell it Not goods not service look at the price 🙉 30K wow 🤣🤣

Even $30,000 is pretty good for something that doesn't exist! 🥴

It’s a good time to load up👌🏾 $TRGI IS THE ONE🚀🚀💎 RealGoldenInu

Fake money having a real collapse.

Could I suggest an alternative to BITCOIN , TULIP BULBS. IF you look after them well I can assure of FULL GROWTH!

Worthless currency loses value, how shocking.

Bitcoin will surely get back on the track it’s just a major back setting on the bull crack down , btc hitting 100k soon🔥🔥🔥

Good...I hope it crashes all the way to zero...I hope all those GPUs asshole scalpers have bought up bankrupt them...and I can finally upgrade my PC.

Well at least people got to add lots of tonnes of carbon to the atmosphere. Way to go capitalism!

Sounds like it’s almost time to buy again

Crypto currency is a scam. If it was real currency then why do people sell to receive $$s or €s.

Thanks China...

RIPcoin

How many times will this shit need to happen before they realize there are better investments, never even fuckin mind the conept of crypto as a practical currency. Maybe just long enough for the environment to get really fucked up.

Good, GPU cards will be cheaper and available now!

El Salvador right now.

Opportunity

Good. This trash kills the environment. Only morons give money to crypto

Too bad. Tank for good.

It will rise again, thats how stocks go from time to time.

Buy and hold $AMC and help fight the corruption in our stock market!

Had a couple clients ask if crypto was a good investment. That was 2 weeks ago when Bitcoin was at $62k. Told them no, it would be like betting on red or black at a roulette table. This is exactly we advise against high-risks like this. Better to be invested for the long term

Your average Crypto Currency Investor..

its at 32k

Bitcoin is a pyramid scam! It has no value to back it up

Buy MJF Coin.

Would have been good to have purchased lots of bitcoin's when they only cost $0.30 each. However, I don't think I would like to risk hundreds of thousands of pounds nowadays. You don't have a single leg to stand on if everything goes Peter Tong

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All the auth-left true believers here celebrating this because it empowers the State—why? Unless you were born into one of the richest families on Earth (old money, literal royalty) this only hurts you. It keeps you poor and dependent.

What Bear run? SGO is fire. sportemongo gamechanger Pro, doxxed devs with Wikipedia. A sports style PokemonGO App? Amazing long term hold. Telegram: BSCGem Euro2021 BitcoinCrash bitcoin diamondhands hodling cryptocrash cryptocurrencies

.... It's over 32k it's pumping

Alright CNBC calls for lower, we can go back up now 😂

Time to buy, thanks. Bitcoin

Thought yall was going to the moon? hahahahahaha

That's because Cryptominers are getting Bitcoin for free and are selling it. This keeps the value high so they make lots of profits but the market becomes lopsided, so eventually the inflation balloon with pop and cause a massive market crash.

Another “Bitcoin Crash”, another buy signal.

Thats fine 😭😢

We are slow learners when it comes to pump & dump schemes.

how is it going El Salvador with your Bitcoin

Cryto is trash!! Don't go there.

rachankamath

Definitely Not A Fake Currency When The Losses Are Real.

See told you Bitcoin was just a fad but on the bright side I didn't know these existed and now I have them

Sorry change your headline - this is expired 31k at 10:21CST

That's why I invested all mine into bridge projects

Crypto in Turmoil special on TV this evening on CNBC?

Ducking finally maybe the gpu prices will stabilize

Alright good. I made some good gains. Anyone can see cryptocurrency is too unstable. Betting against was smart.

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