Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-faces-new-challenges-as-prices-drop/" data-wpel-link="internal">Bitcoin Faces New Challenges as Prices Drop</a><br></p>
<p style="text-align: justify">At the time of writing, the leading cryptocurrency fell to $60,360, marking a new 24-hour low. The ongoing sell-offs are triggering larger losses for altcoins. This situation has severely impacted risk-taking <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. So, what’s next for cryptocurrencies?</p> 
<h2 style="text-align: justify" id="bitcoin-btc">Bitcoin (BTC)</h2> 
<p style="text-align: justify">Despite falling inflation, Fed statements have undermined crypto. The US markets hit new records, but crypto fell again. Recently, the German government started moving its crime-related BTC assets to exchanges. Today, the MTGOX trustee announced that billions of dollars worth of BTC will be returned to creditors starting in July, years after the <a href="https://newslinker.co/category/cybersecurity/" target="_blank" rel="noopener" data-wpel-link="exclude">hack</a>.</p> 
<p style="text-align: justify">MTGOX was hacked 10 years ago, and victims waiting for payments will benefit from the significantly increased prices. If you hold BTC for 10 years, you might want to take some profit. This is why the <a href="https://en.coin-turk.com/altcoins-yet-to-enter-bull-season-an-analysis-of-the-arb-coins-potential/" data-wpel-link="internal">crypto market</a> is concerned about potential billion-dollar sales starting in July. Germany also aims to conduct simultaneous sales as they are moving assets.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-364713 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/BTCUSDT_2024-06-24_19-43-10.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify">BTC has two key supports soon. The first is at $60,400, and the second is at $59,795. If both are broken, the price could find a new low between $56,510 and $52,000.</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-faces-new-challenges-as-prices-drop/" data-wpel-link="internal">Bitcoin Faces New Challenges as Prices Drop</a></h5>

Bitcoin Faces New Challenges as Prices Drop

Table of Contents

COINTURK NEWS

Other articles published on Jun 24, 2024

Solana And Ethereum Meme Coins Drag Investors Into A Slow Death, Is There Still Hope?

New Dog-Themed Meme Coin With P2E Elements PlayDoge Tops $5m In Parabolic ICO

Ripple CBDC Advisor Highlights Key Features of Digital Euro

AI music platforms Suno and Udio face lawsuits from major record labels over copyright infringement

Shiba Inu Transaction Fees Soar 493% in Shibarium Surge

New lows for Ethereum gas usage as ETH tumbles below $3400: What now?

Join our free newsletter for daily crypto updates!