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Drop to Below $30K- Bitcoin

The cryptocurrency has suffered several price falls in recent days, having traded above $40,000 just one week ago. The price of bitcoin has crashed below $30,000, taking its total losses to more than 50 per cent since it hit an all-time high in April. Several other leading cryptocurrencies have mirrored bitcoin’s latest crash, including Ethereum (ether), Cardano (ada) and dogecoin. crypto market is in freefall with support levels broken with ease . Do you think  Chinese mining ban is the now fuelling the move lower but the overall market tone is very negative with little reason to buy the market ?

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