BTC Price Drops Back to $59,000!
CryptoNewsTerminal Staff29 Aug, 2024
BTC Price Drops Back to $59,000!
Bitcoin (BTC) has dropped back to $59,000, according to CoinDesk market monitoring. On the Binance USDT market, BTC is currently trading at $58,986.01. This represents a significant decrease from its recent all-time high of $69,000. The drop in price may be due to a number of factors, including profit-taking by investors and concerns about regulatory action. Despite the recent drop in price, BTC remains one of the most valuable cryptocurrencies in the world. Its market capitalization is currently over $1 trillion.