BTC Breaks Below $54,000

IconCryptoNewsTerminal Staff04 Jul, 2024

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BTC Breaks Below $54,000

BTC has broken below $54,000, according to Coinnis Market Monitoring. On the Binance USDT market, BTC is trading at $53,550. This is a significant drop from the coin's all-time high of over $64,000, which it reached in April. The reasons for the drop are unclear, but some analysts believe that it is due to profit-taking by investors.