Commentators are pushing for a deeper crypto dive, with BTC trading near $20,000 rather than $30,000. Despite "feel-good" news articles from the Bitcoin 2021 conference, Bitcoin has been losing ground in recent days. A 20% drop in the whole cryptocurrency market cap would bring it down to about $1.13 trillion, retaining its trillion-dollar status. BTC/USD was trading at $33,000 at the time of writing, after flirting with $32,000 many times on June 8.