BTC Yields Back $68,000: Cryptocurrency Market Monitors Reveal

IconCryptoNewsTerminal Staff29 Jul, 2024

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BTC Yields Back $68,000: Cryptocurrency Market Monitors Reveal

BTC has retraced $68,000, according to leading cryptocurrency market monitor Cryptonewsterminal. As of writing, BTC is being traded around $67,950 on Binance's USDT market. This fresh loss comes after a sustained period of gains for Bitcoin, which recently attained an all-time high above $69,000. However, this latest correction signifies a trend reversal as the wider cryptocurrency market experiences a sell-off. Seasoned crypto traders, however, have indicated that such corrections are typical in the highly volatile cryptocurrency market. They also note that BTC still holds a strong long-term value proposition, giving investors confidence that this recent retracement will be temporary.