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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-price-falls-below-60000-2" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Falls Below $60,000</a><br></p>
<p style="text-align: justify">Sunday marked a downturn in the cryptocurrency <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a>, with Bitcoin dropping below $60,000, affecting the broader market. After a quiet Saturday, Bitcoin’s price dipped to $48,800 in response to Japan’s economic collapse last Monday. This article examines current trends in Bitcoin and high-volume altcoins as of now.</p>
<h2 id="what-is-the-current-bitcoin-price">What is the Current Bitcoin Price?</h2>
<p style="text-align: justify">On August 5th, Japan’s economic issues led to a substantial drop in Bitcoin prices, reaching as low as $48,800. However, the market rebounded within a week, pushing BTC beyond $62,000, rekindling investor enthusiasm. Recent charts, however, show a decline.</p>
<p style="text-align: justify">Bitcoin experienced a 4.26% fall over the past 24 hours, driving its price down to $58,500. The market capitalization decreased to $1.154 trillion, and the 24-hour trading volume dropped to $24.9 billion, significantly lower than last week’s figures.</p>
<h2 id="current-status-of-altcoins">Current Status of Altcoins</h2>
<p style="text-align: justify">Altcoins have mirrored Bitcoin’s downward trend. Ethereum saw a 4.12% price reduction, trading at $2,542. Its market cap started the week at $305.8 billion with a trading volume of $14.7 billion. <a href="https://en.bitcoinhaber.net/how-will-binance-coin-perform-next" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Coin</a> (BNB) fell by 4.26% to $507, while Solana experienced a more severe 7.50% drop to $144.</p>
<p style="text-align: justify">XRP, after a notable victory over the SEC and rising above $0.50, declined by 4.53% to $0.5627. Meanwhile, TON, which had surged past $6 following its Binance listing, plummeted by 8.81% to $6.09. Despite DOGE’s sharp fall, it remains at $0.1018, just above the critical support level of $0.10, with a 7.04% movement in the past day.</p>
<h2 id="critical-insights">Critical Insights</h2>
<p>– Bitcoin’s recent price drop below $60,000 has negatively impacted the overall market.<br> – Ethereum’s price is now trading at $2,542, following a significant decline.<br> – Solana’s price dropped markedly by 7.50%, moving it away from the $150 mark.<br> – XRP, despite its recent regulatory win, saw a 4.53% decrease in value.<br> – DOGE retains its psychological support level at $0.10, providing some investor hope.</p>
<p style="text-align: justify">The fluctuations in the cryptocurrency market underscore the volatility and the influence of external economic factors on digital currencies. Investors are closely monitoring these trends to navigate the uncertain landscape.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-price-falls-below-60000-2" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Falls Below $60,000</a></h5>

Bitcoin Price Falls Below $60,000

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