The cryptocurrency market continues to endure.
Over the previous 24 hours, Bitcoin’s value has fallen by a substantial 5.5%. Extra notably, it dipped beneath the coveted $60,000 degree for the primary time since October 2024.
As CryptoPotato reported earlier, the transfer displays a broader market downturn the place altcoins are struggling equally, if not worse than Bitcoin.
This has resulted in a whopping $1.5 billion value of liquidated derivatives positions all through the previous 24 hours, because the downturn doesn’t seem to ease.
BTC’s value has bounced barely after dropping to $59,743 and it’s attention-grabbing to see if this degree will be capable to halt additional draw back.
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