BTC Retreats to $60,000
CryptoNewsTerminal Staff03 Aug, 2024
BTC Retreats to $60,000
Following a surge to $69,000 last week, Bitcoin (BTC) has retreated back to the $60,000 mark. According to data from CoinMarketCap, BTC is currently trading at $59,960.01 on Binance's USDT market. This represents a decrease of over 10% from its recent high. The exact reason for this correction has not been determined, but it could be due to a number of factors, including profit-taking by investors and negative news surrounding the cryptocurrency market. Despite this pullback, BTC remains up over 60% year-to-date.
