Bitcoin Plummets Below $29K Amidst Market Turmoil.

Bitcoin and other cryptocurrencies have fallen in line with the stock market as risk sentiment took a hit amid concerns over the global economy. Bitcoin has fallen 1.5% over the past 24 hours to $28,800, retreating further from the psychologically important $30,000 level which the largest digital asset passed last week for the first time in 10 months. The zone around $30,000 is viewed as critical because it’s where prices stood last June, when the selloff across cryptos accelerated into a brutal bear market.