Bitcoin’s price showed an additional 2.54% drop in the last 24 hours.
The cryptocurrency’s daily trading volume showed a 0.33% increase as per CMC data.
While the world mourns the passing of tech giant Ratan Tata, cryptocurrency prices fell in the last 24 hours. The community also received news about the US FBI’s creation of a new token to entrap suspects involved in market manipulation. Meanwhile, the largest cryptocurrency has yet again initiated a bearish price cycle in the past day.
Notably, the altcoin sector also reflected the bearish sentiment as leading altcoins Ethereum and Solana fell to previous support levels. Bitcoin has recorded an additional 2.54% price decline revisiting its consistent support level at $60K.
This bearish cycle continues the token’s dip from its opening price of $62,000. As the day progressed, the token fell to an intra-day low of $60,317. According to CMC data, at the time of writing, BTC was trading at $60,981.
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