Bitcoin dropped 3.76% after hitting a high of $64,443 on October 7, currently trading around $62,438.
The U.S. Supreme Court has declined to hear an appeal over the ownership of 69,370 Bitcoins seized from the Silk Road.
The price of Bitcoin (BTC) fell nearly 2% over the last 24 hours, after reaching a peak of $64,443 on October 7. At the time of writing, Bitcoin is priced at $62,438, 3.76% down from its earlier high. The cryptocurrency briefly dipped to an intraday low of $62,152, even as trading volume climbed by over 72%.
While Bitcoin has started the week with high trends, this recent decline has raised concerns. Also, the drop comes when the Chinese market performance is strong, with stocks surging to two-year highs. The CSI300 index jumped 10% at the start of trading after a week-long holiday, while the Shanghai Composite rose by 9.7%, reaching its highest levels since December 2021. However, Bitcoin saw a decline of approx. 1.61% amid this stock market rally.
Adding
We współpracy z: https://thenewscrypto.com/bitcoin-faces-downward-pressure-after-hitting-64k/
