Bitcoin Price Falls Below $66,000: Market Update

IconCryptoNewsTerminal Staff14 Jun, 2024

cryptonews.jpg

Bitcoin Price Falls Below $66,000: Market Update

According to data from CryptoNewsTerminal, Bitcoin (BTC) has fallen below the $66,000 mark. At the time of this writing, the BTC/USDT market on Binance is trading at $65,605.63. This represents a drop of over 2% in the last 24 hours. The recent dip below $66,000 is a continuation of the downward trend that has been seen in the crypto market over the past few weeks. BTC has lost over 10% of its value since reaching an all-time high of over $69,000 on November 10. Several factors may contribute to the recent decline in BTC's price, including profit-taking by investors, concerns over the spread of the Omicron variant of COVID-19, and regulatory uncertainty. Despite the recent dip, BTC remains up over 100% year-to-date.

Related News