The post Why Did Bitcoin (BTC) Price Drop Below $60k? appeared first on Coinpedia Fintech News
Bitcoin (BTC) price slipped over 4 percent on Wednesday to reach a daily low of about $59,712 during the early New York session. The sudden 3.3 percent crypto drawback to around $2.34 trillion caused over $140 million in forced long liquidations.
As the altcoin industry grapples with significant losses in the past 24 hours, more investors have sought refuge in the stablecoins market. According to the latest crypto oracles, the total stablecoins market, currently valued at about $160 billion, had an average daily traded volume of over $52 billion.
In comparison, Bitcoin and Ethereum had a combined daily average traded volume of about $38 billion.
Top Reasons Bitcoin Price Slipped Below $60k
Upcoming High-Impact News
Later today, the United States Department of Labor will be releasing the unemployment claims, which is a strong indicator of economic health. Additionally, the US
We współpracy z: https://coinpedia.org/news/why-did-bitcoin-btc-price-drop-below-60k/
