Fans were left scratching their heads when Mumbai opted to take Bumrah out of the attack after he bowled the fourth over
Bitcoin price continued to slide on Tuesday, falling below an important support level of $30,000.
The world’s largest cryptocurrency lost more than 10 per cent on Monday, which was its largest one-day drop in more than a month.
Bitcoin fell to $29,766 at around 5.15pm UAE time, down by nearly 7.42 per cent.
“Bitcoin has violated an important support level and it is likely that we may see more panic in the market as investors will think that it may be the end of Bitcoin. But investors should remember that Bitcoin is a kind of asset which has fought many similar pessimistic views many times,” said Naeem Aslam, chief market analyst at London-based Ava Trade.
“The current sell off could be the opportunity for many investors to load their portfolio with Bitcoin which is selling at a huge discount. Although, it is true that more sell-off can take place and no one knows really where the exact bottom will be. But for now, one thing is for certain, that it is not the time to sell Bitcoin,” said Aslam.
China has asked some banks and payment firms, including China Construction Bank and Alipay, to crack down harder on cryptocurrency trading. China has been tightening its crackdown on cryptocurrencies.
On Friday, authorities in the southwest province of Sichuan ordered Bitcoin mining projects to close.
In May, China's cabinet vowed to clamp down on mining and trading to control financial risks.
Ipek Ozkardeskaya, senior analyst at Swissquote, sees the next support level for Bitcoin is $20,000 after $30,000 level has been broken.
— waheedabbas@khaleejtimes.com
Fans were left scratching their heads when Mumbai opted to take Bumrah out of the attack after he bowled the fourth over
With the help of modern equipment, manicured golf courses and elite athletes the scores are getting lower and the game becoming even more captivating
With 10 matches remaining Arsenal lead a three-way title race having won eight successive games
Three separate Israeli strikes on Wednesday, including on a health centre in the border village of Habariyeh, killed 11 civilians
Netanyahu tries to soothe a rift with Biden as he plans to send a government delegation to Washington after earlier cancelling the trip
Among the 24 horses Japan has sent to Dubai is impressive Riyadh Dirt Sprint winner Remake who eyes a Middle East double
Liberty Island looks the horse to beat in the $6m Sheema Classic while Lord North chases history in the $5m Dubai Turf
MBRGI expanded its social and aid programmes to cover 105 countries - five more than in 2022