Bitcoin (BTC) Drops Back Below $63,000
CryptoNewsTerminal Staff16 Jul, 2024
Bitcoin (BTC) Drops Back Below $63,000
Bitcoin (BTC) has fallen back below the $63,000 mark, according to CoinGecko market monitoring. As of writing, BTC is currently trading at $62,983.07 on Binance's USDT market. This represents a decrease of over 2% in the past 24 hours. The drop in BTC's price comes after a recent surge that saw the cryptocurrency reach a new all-time high of over $67,000. However, BTC has since pulled back from those highs as investors take profits and await further developments in the cryptocurrency market. It is unclear what the future holds for BTC, but analysts remain bullish on the long-term prospects of the cryptocurrency.
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