The post Bitcoin Death Cross On Horizon: Signals Massive Sell Event Dragging BTC Price $59K? appeared first on Coinpedia Fintech News
In the past 24 hours, the crypto market has experienced a downturn, losing over $110 billion in market value as the global crypto market cap dropped by over 4% to $2.36 trillion from $2.47 trillion. Bitcoin’s price also dipped below $64,000, hitting a low of $63,589, attributed to low trading volumes and increased uncertainty.
While some traders remain bullish on the overall market trajectory, others are worried that factors like the lack of trading volumes and rising uncertainty are prompting caution in the short term, especially after the recent Bitcoin halving.
Bitcoin post-halving is facing massive fluctuations. After reaching a new all-time high of $73,000 in March, Bitcoin faced many corrections, including a drop below $60,000 during war and geopolitical tensions. Despite some relief and periods of volatile trading, Bitcoin is o
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