BTC Slides $66,000, Now Trading at $65,970

IconCryptoNewsTerminal Staff23 Jul, 2024

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BTC Slides $66,000, Now Trading at $65,970

According to Coinnis Market Monitoring, Bitcoin (BTC) has given back $66,000 from its recent high. As of now, BTC is being traded at $65,970.01, based on the Binance USDT market. This recent dip follows a period of strong gains for BTC, which had seen the cryptocurrency rise to a new all-time high of $69,044.77 on November 10. The reasons for this latest pullback are not entirely clear, but it may be due to a number of factors, such as profit-taking by investors, uncertainty surrounding the regulatory landscape for cryptocurrencies, and the broader market sell-off. Despite this latest setback, BTC remains up significantly year-to-date, having gained over 100% since the start of 2021.

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