Bitcoin (BTC USD) Cryptocurrency Price Back Below $30,000 as Momentum Fades – Bloomberg

Bitcoin dropped below $30,000 for the second time in the past week as the largest cryptocurrency struggles to regain momentum after reaching record highs earlier this month.

The digital asset fell as much as 7.9% to $29,499 Wednesday The last time it traded below $30,000 was Jan. 22. It set a record high of $41,981 on Jan. 8.

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