Bitcoin drops below $30k leaving investors worried

Nearly $100 billion has been wiped off the crypto market as bitcoin droped again

Bitcoin has dived below $30,000 for the first time since June 22nd, dragging other digital coins lower.

Around $98 billion was wiped off the entire cryptocurrency market in 24 hours according to CoinMarketCap data.

Bitcoin was down more than 6% while Ethereum fell nearly 9%.

Investors are again worried about Bitcoin’s latest slump

Bitcoin’s latest dive follows a volatile few months for cryptocurrency, and comes as many nations crackdown on digital coins.

This week Malaysian authorities seized 1,069 bitcoin mining rigs then laid them out in a parking lot at police headquarters and used a steamroller to crush them.

You’d call it a crypto crackdown — literally

Malaysian authorities have seized 1,069 bitcoin mining rigs then laid them out in a parking lot at police headquarters and used a steamroller to crush them.

The Assistant Commissioner of Police the crackdown came after miners allegedly stole $2 million worth of electricity.

Police opted to crush the mining gear rather than sell it, in accordance with a court order.

Ether co-founder ditches crypto

The co-founder of etherium has sensationally abandoned the cryptocurrency market.

Canadian entrepreneur Anthony DiIorio has revealed he is quitting crypto and plans to sell his Toronto-based blockchain company Decentral.

The 48-year-old plans to never set foot in the cryptocurrency world again. As you might expect, the announcement has sent the price of ethereum also plummeting.

The digital coin fell by 7.13 percent in the last 24 hours.

Ethereum is the second biggest cryptocurrency after bitcoin, with a market capitalisation of $275 billion.

Global markets slump

Yesterday saw heavy selling pressure in equity markets across the globe.

The Dow Jones fell 2.1% while London’s FTSE 100 dropped by 2.3%.