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

Muita 24. kesäk. 2024 julkaistuja artikkeleja

Maker (MKR) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Japanese Investment Firm Adopts MicroStrategy-Like Bitcoin Strategy, Set To Purchase $6M Worth BT...

Peter Schiff Issues Gloomy BTC Price Prediction, Ripple CEO Hails 'Big Win' in California, SHIB B...

Secure Your Spot On Qubetics Whitelist As Chainlink Quietens and Cardano's Upgrade Sparks Debate

Crypto Researchers Identify These AI Altcoins For Quick Returns In July

Galileo Protocol Enhances Security with NexeraID Partnership

Join our free newsletter for daily crypto updates!