**Bitcoin fell back below $30000 and reached its lowest level in a week. Under the market risk aversion, bitcoin, which tried to attack, lost again** Bitcoin once fell 7.1% to $29209, the lowest level since May 30. Other tokens are also falling, with Ethereum once falling 7.3% to $1725. Avalanche fell 9.3% at one point.
Access:
The previous trading day, bitcoin stood at $31000, and some investors even thought there was more room for growth. However, Marcus sotiriou, an analyst at globalblock, a British digital asset broker, said that bitcoin faced "huge resistance" around $31500 - $32000.
"This market is depressed," Adam farthing and Collin Howe of b2c2, a cryptocurrency liquidity provider, said in a report. "In the absence of an upward catalyst, the current sentiment may keep prices fluctuating in the range, and there are still some obvious downside risks."