Bitcoin dips below $30,000, wiping out this week’s gains

Alex Dovbnya

Bitcoin price dipped below $30,000 again

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Bitcoin price fell below the $30,000 level earlier today on the Bitstamp exchange.

BTC
Picture by tradingview.com

After dropping to $29,869, the major cryptocurrency is now dangerously close to turning negative on the weekly chart.

As reported by U.Today, Bitcoin recently marked its ninth consecutive week in the red, and the bears have a decent chance of extending this bearish streak if the top cryptocurrency stays below $29,454 on Sunday.

Solana (SOL) is the biggest laggard today, falling almost 9% after another network outage. Blockchain validators stopped processing new blocks, rendering the entire network unusable.

SOL is now on the verge of falling under the same Dogecoin (DOGE) cryptocurrency for decades.

Cardano (ADA) is also among the major laggards, dropping over 7% in the past 24 hours.

The value of the entire cryptocurrency currently stands at $1.2 trillion.

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