Bitcoin price falls to $29,000 – lowest since July 2021

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Bitcoin, the world’s largest crypto by market cap, has dropped 5 percent to $29,594.

On Monday, the bitcoin price dropped below the $40,000 benchmark to $32,832.

In July 2021, bitcoin had sold at $29,806 and experienced an upward movement until November when it dropped again.

According to CoinMarketCap, the price of bitcoin stands at $29,594 on Thursday at 17:00 GMT+1.

Lately, the price of bitcoin has been floating within $30,000, which has caused more worries among crypto investors.

Similarly, more coins have dropped lower in less than 48 hours. Ethereum (ETH) fell 16 percent to $1,949, Shiba Inu (SHIB) dropped 22 percent to $0.00001067, and Solana (SOL) sold at $45.

The dip affects the global cryptocurrency market cap which fell to $1.27 trillion and has wiped more than $1.5 trillion from the overall crypto market.