Bitcoin Corrects, Falls Below $60,000

IconCryptoNewsTerminal Staff29 Aug, 2024

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Bitcoin Corrects, Falls Below $60,000

Bitcoin (BTC) has given back some of its recent gains, currently trading at $59,945.62 on the Binance USDT market, according to CoinMarketCap. This represents a decrease of approximately $60,000 from its all-time high of $120,000. The correction in BTC's price is likely due to a combination of factors, including profit-taking by early investors and concerns about regulatory crackdowns. However, it is important to note that Bitcoin has a history of volatility, and it is possible that the price will rebound in the future.