ce October 2024. Source: TradingView As CryptoPotato reported earlier, the move reflects a broader market downturn where altcoins are suffering equally, if not worse than Bitcoin. This has resulted in a whopping $1.5 billion worth of liquidated derivatives positions throughout the past 24 hours, as the downturn doesn’t appear to ease. BTC’s price has bounced slightly after dropping to $59,743 and
Bitcoin’s Price Drops Below $60K for the First Time Since October 2024
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The cryptocurrency market continues to suffer. Over the past 24 hours, Bitcoin’s price has fallen by a considerable 5.5%. More notably, it dipped below the coveted $60,000 level for the first time since October 2024. Source: TradingView As CryptoPotato reported earlier, the move reflects a broader market downturn where altcoins are suffering equally, if not worse than Bitcoin. This has resulted in a whopping $1.5 billion worth of liquidated derivatives positions throughout the past 24 hours, as the downturn doesn’t appear to ease. BTC’s price has bounced slightly after dropping to $59,743 and it’s interesting to see if this level will be able to halt further downside. The post Bitcoin’s Price Drops Below $60K for the First Time Since October 2024 appeared first on CryptoPotato .