Bitcoin tumbling HARD, all cryptos down: BTC was $30,000.. now $21,000

Bitcoin has tumbled from $30K down to $21K with crypto analysts warning BTC could drop down to $8K... fueling the nightmare.

Published Jun 14, 2022 7:33 PM CDT   |   Updated Fri, Jul 8 2022 3:03 AM CDT
1 minute & 14 seconds read time

I'm sure the day of June 13, 2022, will be a day that crypto investors, experts, traders, and everyone in between will mark as a day of reckoning for not just Bitcoin, but most cryptocurrencies.

Bitcoin tumbling HARD, all cryptos down: BTC was $30,000.. now $21,000 02

Bitcoin has tumbled down from its $29,000 support down to $23,000 to start the week -- dropping to $21,000 today -- meaning Bitcoin has dropped to its lowest level since December 2020. With BTC down to $23,000 it means that a huge $200 billion in market cap was wiped away, with Bitcoin sitting at $22,000 at the time of writing. There's now a "crypto winter"

It was only in November 2021 that Bitcoin breached a new all-time high price of over $68,000 but those days are over (for now) with Bitcoin dropping from its $29,000 support down into $21-$22,000 we're looking at a bigger plunge down 80% from its ATH to $14,000 or so. The headlines and panic will only get worse if that happens, more so than the end of days headlines, there are now.

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Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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