BTC Price Falls Below $69,000

IconCryptoNewsTerminal Staff27 Jul, 2024

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BTC Price Falls Below $69,000

Bitcoin (BTC) has fallen below $69,000 after a brief spike to a new all-time high earlier this week. According to market tracking service CryptoNewsterminal, BTC's price dropped to as low as $67,976.87 on the Binance USDT market. The drop in price is likely due to a combination of profit-taking from recent gains and a lack of buying pressure from institutional investors. Despite the recent pullback, BTC is still up over 100% year-to-date and remains well above its previous all-time high of $64,863. It is important to note that the cryptocurrency market is known for its volatility and that BTC's price could rebound significantly in the future.

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