Bitcoin slides below $30,000, wiping out 2021 gains

Sports agent and DLE Agency founder Doug Eldridge provides insight into Giants’ Saquon Barkley accepting all endorsement money in Bitcoin. 

Bitcoin was on track to close on Tuesday below $30,000 a coin for the first time this year.

Bitcoin, the largest cryptocurrency by market capitalization, fell by as much as 4.6% to $29,393 a coin. It has not closed below $30,000 since Dec. 31. 

“The latest sharp sell-off across the cryptocurrency space is seeing heavyweights Bitcoin and Ethereum touching important support levels that are becoming increasingly fragile,” said Nicholas Cawley, an analyst at DailyFX. “The lack of any rebound over the past three weeks suggests traders are no longer interested in ‘buying the dip.’”

Tuesday’s selloff comes a day after a broad selloff in risk assets and as Treasury Secretary Janet Yellen called on regulators to create a regulatory framework for stablecoins, which are backed by a reserve asset like U.S….

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