BTC falls below $60,000: In-depth analysis of market sentiment
BTC, BTC fell below $60,000. In-depth analysis of market sentiment. Golden Finance, the extent of the market crash is still beyond the imagination of most people.
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BTC, BTC fell below $60,000. In-depth analysis of market sentiment. Golden Finance, the extent of the market crash is still beyond the imagination of most people.
Bitcoin prices have corrected slightly after surging to $60,000 in sync with global stock markets.
Pre-halving weakness continued to impact price action across the cryptocurrency market on Wednesday, with Bitcoin facing significant downward pressure.
Since the beginning of 2024, the price of Bitcoin has risen 54%, with only six altcoins in the top 50 performing better.
Micro strategies have been taking advantage of market fluctuations, ensuring that the average BTC purchase price is lower than what it was worth at the time.
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With further regulatory clarity, some cryptocurrency experts and traditional hedge funds are currently optimistic about crypto assets.
The price of BTC could be set for a bullish rebound this year, says Bloomberg’s senior commodity strategist Mike McGlon, as the market shows similar signs to the bottom of 2018.
BTC and altcoins flashed green at the weekly open, but overhead resistance levels will continue to pose a challenge in the short-term.