Bitcoin plummeted by 5.90% in the last 24 hours, slipping down to $59K.
The BTC market sentiment is in the fear zone.
Bitcoin (BTC) took a brief plunge yesterday, managed to hover at the $62,000 mark, and wiped off all the gains within the last 24 hours. BTC crashed by over 5.90%, marking one of the largest declines since August.
The bears continued to restrain the bulls from recovering, slipping to a low of $58,116. The highest price in the last 24 hours at which BTC traded was at $63,209. The current downside momentum of the asset appears due to the recent selloff, including macroeconomic concerns and other market trends. Crypto analysts warn of a possible liquidation torrent, predicting BTC at $50K if it fails to break the downside pressure.
Despite the dip, the daily trading volume of BTC has soared to 46.88% to $41.68 billion. At press time, BTC traded at $59,410 as per CMC data. Moreover, BTC evokes fear in the market as the Fear and Greed Index stays at 30. Coingl
We współpracy z: https://thenewscrypto.com/can-bitcoin-btc-break-free-from-the-bears-grip/
