BTC Price Retreats below $30K, While ETH Could Tumble to $1,500

The price of bitcoin is trading well below the $30K support amid a broader crypto market retreat. The BTCUSD pair slipped as low as $29,300 on Tuesday morning, trading lower than it did at the start of 2021.  The heavy losses now mean that the king coin has erased all the gains accumulated in this year's bull cycle, despite rising to lofty heights above $64K just three months ago. Many market participants are now exhibiting extreme fear after the latest…