Bitcoin

April

<p>The post <a href="https://coinpedia.org/crypto-live-news/bitcoin-price-dips-below-58k-for-the-first-time-in-60-days/" rel="noopener noreferrer nofollow">Bitcoin Price Dips Below $58k for the first time in 60 Days</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The BTC chart is depicting consistent downswings and dips which has now dipped below $58,000 for the first time in 60 days. This has added to the slowing market demand since the recent halving. The Long-term investors’ bearish activity has been the major reason for the price drop. Also, with BTC now trading at its lowest in 60 days, bull traders consider it as perfect timing to enter new positions, which might get invalidated as well. Bitcoin’s Age Consumed has been steadily rising since April 20, signaling long-term holders offload their coins after the halving. The wider crypto market, with ether and other altcoins, is also seen declining.</p>

Bitcoin Price Dips Below $58k for the first time in 60 Days

CoinPedia News

Other articles published on May 1, 2024

Tether Holdings Achieves Record Profits in Q1 2024

UK Crypto Firms Face Scrutiny Over Money Laundering Risks

Binance Completes 21st Batch of LUNC Burn with 1.4B LUNC Burned

Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch

What’s next for Binance founder CZ after his 4-month sentence?

Optimism Price Made Bottom Around $2, Can Bulls Dominate Ahead?

Join our free newsletter for daily crypto updates!