$89 Billion Wiped Off<br />Cryptocurrency Market as Bitcoin<br />Crashes Below $30,000 .<br />Bitcoin is down more<br />than five percent, falling<br />below $30,000 for the first<br />time since June 22.<br />That’s a 50 percent plunge compared to<br />its mid-April high of nearly $65,000. .<br />As of Tuesday morning, $89 billion has been wiped off<br />the cryptocurrency market in the span of 24 hours. .<br />According to Annabelle Huang of the cryptocurrency<br />financial service firm Amber Group, the dip is a result<br />of a “broad sell-off in global markets.” .<br />Huang also cited concerns over the “quality and strength of<br />economic recovery” as a factor in the crypto market’s dip. .<br />Bitcoin’s price plunge has also caused a<br />number of other cryptocurrencies to fall. .<br />Ethereum fell over eight percent to $1,700 and XRP,<br />BNB and ADA fell more than 10 percent each. .<br />Vijay Ayyar of cryptocurrency exchange Luno said<br />that Bitcoin would likely continue to fall. .<br />I would see bitcoin between 20-40K<br />($20,000 to $40,000) for a while now<br />before any bullishness returns, Vijay Ayyar, via CNBC
