In the last 24 hours, the price of Bitcoin saw a decline of over 6%. Currently, the coin trades at around $29.750, which is the lowest level in terms of a month.
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BTC's current rate is under half-price of its all-time high of over $64.800 reached on April 14. Its market cap stands at around $558 Billion.Most cryptocurrencies declined, including Ether, and BNB.
The largest altcoin Ether saw more than a 7% drop. At the moment its price is about $1740.BNB is 11.4% down and trades at $265.17. The entire crypto market cap saw a 7.49% decrease hitting $1.19 trillion.
The crypto market has been seeing hard times since May. It was then when Tesla stopped accepting Bitcoin and China adopted strict measures against the leading cryptocurrency by shutting down mining and prohibiting financial institutions to deliver crypto-related services.