Bitcoin surged to new heights in 2021 as companies like Tesla and Mastercard warmed to crypto. But with regulators circling in, the path ahead is likely to be bumpy.
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Bitcoin fell on Tuesday, dipping below the key level of $30,000 at one point, as the cryptocurrency’s recent sell-off resumed.
The largest cryptocurrency by market cap was last down 3.2% at $30,351.30, according to Coin Metrics. Earlier in the day it had fallen as low as $29,207.77, after gaining more than 4% in teh previous session to trade above $31,000.
Ether dropped % 2.5to $1,812.47 on Tuesday.
The moves followed a report that the Securities and Exchange Commission is investigating the possibility that the BNB token, a cryptocurrency issued by Binance, could be categorized as a security. BNB led the market-wide sell-off. It’s currently down 6%.
Bitcoin dips below $30k again
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