Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-dips-below-60000-amidst-challenges/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Dips Below $60,000 Amidst Challenges</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/zorlu-surecten-gecen-kripto-borsasina-yardim-eli-dev-topluluk-harekete-gecti" data-wpel-link="internal" rel="noopener noreferrer nofollow">The cryptocurrency</a> world continues to face cold winds. In our articles about <a href="https://coin-turk.com/yarinlar-yokmus-gibi-btc-aliyorlar-balinalar-gozunu-yukselise-mi-cevirdi" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> from this morning, we had stated that the $60,000 level was acting as a critical support. <a href="https://en.coin-turk.com/marathon-digital-sets-bold-growth-targets-for-2024/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> has moved towards this critical support several times but rebounded from around $60,200, surpassing the $61,000 level. However, with the court case of former <strong><a href="https://en.coin-turk.com/binance-sets-a-new-course-with-a-focus-on-compliance-and-innovation/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> CEO</strong> CZ also in play, we see sharp movements in Bitcoin.</p>
<h2 style="text-align: justify" id="bitcoin-falls-below-60-000">Bitcoin Falls Below $60,000</h2>
<p style="text-align: justify">We witnessed a decline in Bitcoin immediately after the court judging CZ announced its decision. At the time of writing, the Bitcoin price had dropped to $59,751.</p>
<p style="text-align: justify">Bitcoin has since recovered slightly, now back above $60,000. These rapid movements in Bitcoin have led to the liquidation of positions by investors who took long and short positions in the last 24 hours. A total of $356 million in positions have been liquidated, with $294 million of these being long positions.</p>
<p style="text-align: justify">Finally, with 112,786 investors closing their positions in this environment, predicting what’s next for Bitcoin, the flagship of cryptocurrencies, is not actually difficult. All eyes will now be on the <strong>FED</strong>‘s interest rate decision to be announced tomorrow.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-dips-below-60000-amidst-challenges/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Dips Below $60,000 Amidst Challenges</a></h5>

Bitcoin Dips Below $60,000 Amidst Challenges

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