BTC Drops Below $60,000, Steep Decline Continues
CryptoNewsTerminal Staff09 Aug, 2024
BTC Drops Below $60,000, Steep Decline Continues
BTC has dropped below $60,000, continuing its steep decline from its all-time high of $69,000. According to cryptonewsterminal market monitoring, BTC is trading at $59,994.47 on Binance's USDT market. The drop below $60,000 is a significant milestone, as it represents a 13% decline from its peak. The decline is likely due to a combination of factors, including profit-taking by early investors, regulatory concerns, and the rise of alternative cryptocurrencies.
