Bitcoin Rout Worsens - Altcoins Collapse

Category: Cryptocurrency

Bitcoin's value has dropped below $60,000, hitting a low of $54,640 amid a market-wide sell-off influenced by global economic factors and disappointing U.S. job reports. Despite the downturn, Bitcoin whales remain optimistic, accumulating more Bitcoin. The market faces uncertainty with upcoming Federal Reserve interest rate adjustments and political developments surrounding the U.S. presidential election, which could impact cryptocurrency regulations.

Keywords: Bitcoin, market downturn, cryptocurrency regulations

Source: Brave New Coin

Update At: 8/5/2024

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