BTC Drops Back Below $65,000

IconCryptoNewsTerminal Staff24 Jul, 2024

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BTC Drops Back Below $65,000

Bitcoin (BTC) has dropped back below $65,000, according to monitoring from the Coinys market. BTC is currently trading at $64,892 on the Binance USDT market. This drop follows a period of volatility for BTC, which has seen the price rise and fall sharply in recent weeks. The cryptocurrency reached an all-time high of just over $69,000 on 10 November, but has since fallen back. The reasons for the recent volatility are unclear, but some analysts have suggested that it is due to profit-taking by investors. Others have pointed to the uncertainty surrounding the regulatory landscape for cryptocurrencies. Despite the recent drop, BTC remains up significantly over the past year. The cryptocurrency is currently trading at over $60,000, up from around $10,000 in November 2020.

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